Zacks Investment Research downgraded shares of MONDI PLC/ADR (OTCMKTS:MONDY) from a hold rating to a strong sell rating in a research note issued to investors on Wednesday, Zacks.com reports.

According to Zacks, “Mondi plc manufactures and sells packaging and paper products. Its products include containerboards, sack kraft papers, speciality kraft papers, corrugated packaging products, industrial bags, extrusion coatings, films and hygiene components, release liners, office and printing papers and graphic printing papers as well as pre-made bags and pouches, printed laminates and high-barrier films. The company operates primarily in central Europe, Russia, North America and South Africa. Mondi plc is based in Addlestone, the United Kingdom. “

Separately, ValuEngine raised MONDI PLC/ADR from a sell rating to a hold rating in a research note on Wednesday, October 2nd.

OTCMKTS MONDY opened at $39.71 on Wednesday. The stock’s 50-day moving average price is $39.66 and its 200-day moving average price is $43.07. MONDI PLC/ADR has a 52 week low of $37.00 and a 52 week high of $52.52. The company has a market capitalization of $7.29 billion, a P/E ratio of 8.88, a price-to-earnings-growth ratio of 2.32 and a beta of 0.94.

The business also recently disclosed a Semi-Annual dividend, which was paid on Monday, October 7th. Stockholders of record on Friday, August 16th were paid a $0.561 dividend. The ex-dividend date of this dividend was Thursday, August 15th. MONDI PLC/ADR’s dividend payout ratio (DPR) is currently 25.28%.

MONDI PLC/ADR Company Profile

Mondi plc manufactures and sells packaging and paper products in the United Kingdom, Africa, Europe, Russia, North America, South America, Asia, and Australia. The company offers flexible packaging, bags, and pouches; personal care components; release liners; technical films; corrugated packaging; industrial bags; barrier coatings; specialty Kraft paper; sack Kraft paper; containerboards; office and professional printing papers; and paper for sustainable and promotional events, as well as product training courses.

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