Clariant AG (OTCMKTS:CLZNY) Receives Average Rating of “Reduce” from Analysts

Shares of Clariant AG (OTCMKTS:CLZNY) have been given a consensus rating of “Reduce” by the six analysts that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation and five have assigned a hold recommendation to the company.

CLZNY has been the topic of several recent research reports. The Goldman Sachs Group lowered shares of Clariant from a “buy” rating to a “sell” rating in a report on Tuesday, February 10th. UBS Group downgraded Clariant from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 16th. Citigroup cut Clariant from a “buy” rating to a “hold” rating in a research report on Thursday, December 11th. Finally, Jefferies Financial Group lowered Clariant from a “hold” rating to a “moderate sell” rating in a research report on Tuesday, November 11th.

Clariant Trading Down 4.1%

OTCMKTS:CLZNY opened at $10.40 on Tuesday. The company’s fifty day moving average price is $9.39 and its 200-day moving average price is $9.46. Clariant has a 1-year low of $8.45 and a 1-year high of $13.36.

Clariant Company Profile

Clariant AG is a Switzerland-based specialty chemicals company that traces its roots back to a spin-off from Sandoz in 1995. Headquartered in Muttenz near Basel, the firm develops, manufactures and markets a broad portfolio of chemical solutions for industries worldwide. While its primary listing is on the SIX Swiss Exchange, Clariant’s shares also trade OTC under the symbol CLZNY, reflecting its global investor reach.

The company operates through three core segments: Care Chemicals, Catalysis and Natural Resources.