Fortum Oyj (OTCMKTS:FOJCY) Receives Average Recommendation of “Hold” from Analysts

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Fortum Oyj (OTCMKTS:FOJCY) has been assigned an average recommendation of “Hold” from the thirteen brokerages that are currently covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $18.00.

A number of research firms have recently issued reports on FOJCY. Societe Generale restated a “buy” rating on shares of Fortum Oyj in a report on Thursday, April 22nd. Commerzbank raised Fortum Oyj from a “hold” rating to a “buy” rating in a research report on Tuesday, February 16th. Oddo Bhf cut Fortum Oyj from a “neutral” rating to an “underperform” rating and set a $18.00 price target for the company. in a research report on Monday, March 15th. Nordea Equity Research lowered Fortum Oyj from a “buy” rating to a “hold” rating in a research note on Monday, March 1st. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Fortum Oyj in a research note on Monday, April 12th.

Shares of FOJCY traded up $0.10 during mid-day trading on Tuesday, hitting $5.49. The company’s stock had a trading volume of 2,135 shares, compared to its average volume of 2,060. The firm has a 50-day moving average price of $5.41 and a 200 day moving average price of $4.86. Fortum Oyj has a fifty-two week low of $3.11 and a fifty-two week high of $5.64.

The firm also recently disclosed a dividend, which will be paid on Monday, May 24th. Investors of record on Friday, April 30th will be paid a dividend of $0.2658 per share. This represents a yield of 4.91%. The ex-dividend date of this dividend is Thursday, April 29th.

Fortum Oyj Company Profile

Fortum Oyj, together with its subsidiaries, engages in the generation and sale of electricity and heat in the Nordic countries, Germany, the United Kingdom, Russia, the Netherlands, the Baltic Rim area, and internationally. The company's Generation segment generates power through nuclear, hydro, wind, and thermal resources; and provides power portfolio optimization, trading, and industrial intelligence, as well as nuclear services.

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Analyst Recommendations for Fortum Oyj (OTCMKTS:FOJCY)

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