Fortum Oyj (OTCMKTS:FOJCY) Receives Neutral Rating from JPMorgan Chase & Co.

Fortum Oyj (OTCMKTS:FOJCY)‘s stock had its “neutral” rating restated by equities research analysts at JPMorgan Chase & Co. in a note issued to investors on Monday, The Fly reports.

FOJCY has been the subject of a number of other reports. Nordea Equity Research downgraded Fortum Oyj from a “buy” rating to a “hold” rating in a research report on Monday, March 1st. Barclays reaffirmed an “overweight” rating on shares of Fortum Oyj in a research note on Tuesday, March 2nd. Oddo Bhf downgraded Fortum Oyj from a “neutral” rating to an “underperform” rating and set a $18.00 price objective on the stock. in a research report on Monday, March 15th. Commerzbank upgraded shares of Fortum Oyj from a “hold” rating to a “buy” rating in a report on Tuesday, February 16th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Fortum Oyj in a research note on Friday, March 26th. Four analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $18.00.

FOJCY stock traded down $0.02 during midday trading on Monday, reaching $5.30. 100 shares of the company’s stock traded hands, compared to its average volume of 1,823. The stock’s 50-day moving average is $5.24 and its 200 day moving average is $4.70. Fortum Oyj has a 52-week low of $3.11 and a 52-week high of $5.57.

About Fortum Oyj

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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