FORTUM OYJ/ADR (OTCMKTS:FOJCY) Earns Overweight Rating from Analysts at Barclays

Barclays assumed coverage on shares of FORTUM OYJ/ADR (OTCMKTS:FOJCY) in a research note issued to investors on Thursday morning, The Fly reports. The firm issued an overweight rating on the stock.

Several other research firms have also recently issued reports on FOJCY. JPMorgan Chase & Co. reaffirmed a neutral rating on shares of FORTUM OYJ/ADR in a research note on Thursday, May 7th. Deutsche Bank reaffirmed a sell rating on shares of FORTUM OYJ/ADR in a research note on Tuesday, May 12th. Danske raised FORTUM OYJ/ADR from a hold rating to a buy rating in a research note on Tuesday, May 12th. Berenberg Bank reaffirmed a buy rating on shares of FORTUM OYJ/ADR in a research note on Tuesday, March 17th. Finally, Goldman Sachs Group initiated coverage on FORTUM OYJ/ADR in a research note on Thursday, June 4th. They issued a sell rating for the company. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold.

Shares of FORTUM OYJ/ADR stock opened at $3.88 on Thursday. FORTUM OYJ/ADR has a one year low of $2.62 and a one year high of $5.12. The business’s 50 day moving average price is $3.79 and its 200 day moving average price is $3.97.

FORTUM OYJ/ADR Company Profile

Fortum Oyj, together with its subsidiaries, engages in the generation and sale of electricity and heat in the Nordic countries, Russia, Poland, India, other parts of the Baltic Rim area, and internationally. The company's Generation segment generates power through nuclear, hydro, 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/ADR (OTCMKTS:FOJCY)

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