Barclays Upgrades Covestro (OTCMKTS:COVTY) to Hold

Covestro (OTCMKTS:COVTY) was upgraded by stock analysts at Barclays to a “hold” rating in a research note issued to investors on Wednesday, Zacks.com reports.

Separately, Citigroup upgraded shares of Covestro to a “hold” rating in a research report on Thursday, October 3rd.

Covestro Stock Performance

Shares of OTCMKTS COVTY opened at $31.79 on Wednesday. Covestro has a one year low of $24.12 and a one year high of $32.60. The company’s fifty day moving average is $30.50 and its two-hundred day moving average is $28.56.

Covestro (OTCMKTS:COVTY) last issued its earnings results on Tuesday, July 30th. The company reported ($0.20) EPS for the quarter. The business had revenue of $3.97 billion for the quarter. On average, equities analysts predict that Covestro will post 0.03 earnings per share for the current fiscal year.

About Covestro

Covestro AG supplies high-tech polymer materials and application solutions. It operates in two segments, Performance Materials, and Solutions & Specialties. The Performance Materials segment develops, produces, and supplies high-performance materials, such as polyurethanes and polycarbonates, and base chemicals, which include diphenylmethane diisocyanate (MDI), toluylene diisocyanate, long-chain polyols, and polycarbonate resins for use in furniture and wood processing, construction, automotive, and transportation industries, as well as roof structures, insulation for buildings and refrigerators, mattresses, car seats, and other applications.