Mondi (OTCMKTS:MONDY) Upgraded to Strong-Buy at Citigroup

Citigroup upgraded shares of Mondi (OTCMKTS:MONDY) from a hold rating to a strong-buy rating in a report released on Thursday, Zacks.com reports.

Separately, Barclays raised Mondi from a strong sell rating to a hold rating in a research note on Wednesday, August 7th.

Mondi Trading Up 3.2 %

OTCMKTS MONDY opened at $38.76 on Thursday. Mondi has a 12 month low of $33.12 and a 12 month high of $44.28. The company has a current ratio of 2.06, a quick ratio of 1.32 and a debt-to-equity ratio of 0.36. The business’s 50-day moving average price is $37.53 and its two-hundred day moving average price is $38.10.

Mondi Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Friday, August 23rd will be issued a dividend of $0.4533 per share. The ex-dividend date is Friday, August 23rd.

About Mondi

Mondi plc, together with its subsidiaries, engages in the manufacture and sale of packaging and paper solutions in Africa, Western Europe, Emerging Europe, North America, South America, Asia, Australia, and internationally. The company operates in three segments: Corrugated Packaging, Flexible Packaging, and Uncoated Fine Paper.