Covestro (OTCMKTS:COVTY) Upgraded to Hold at Barclays

Barclays upgraded shares of Covestro (OTCMKTS:COVTY) to a hold rating in a research report released on Wednesday, Zacks.com reports.

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

Covestro Stock Up 0.3 %

OTCMKTS:COVTY opened at $31.87 on Wednesday. Covestro has a twelve month low of $24.12 and a twelve month high of $32.60. The business has a 50 day moving average price of $30.55 and a two-hundred day moving average price of $28.60.

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

Covestro Company Profile

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.