Covestro (OTC:COVTY) Upgraded to “Hold” by Barclays

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

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

Covestro Trading Up 0.3 %

OTC COVTY opened at $31.87 on Wednesday. The company has a market cap of $12.05 billion, a P/E ratio of -34.64 and a beta of 1.18. The company has a current ratio of 1.71, a quick ratio of 0.96 and a debt-to-equity ratio of 0.41. Covestro has a 12 month low of $24.12 and a 12 month high of $32.60.

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.