Mondi (OTCMKTS:MONDY) Raised to Strong-Buy at UBS Group

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

Other research analysts have also issued reports about the company. Barclays raised Mondi from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 7th. Citigroup upgraded Mondi from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 10th.

Mondi Stock Performance

Mondi stock opened at $32.91 on Friday. Mondi has a 52 week low of $32.88 and a 52 week high of $44.28. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.06 and a quick ratio of 1.32. The company’s 50-day moving average price is $37.41 and its two-hundred day moving average price is $38.11.

Mondi Cuts Dividend

The company also recently declared a dividend, which was paid on Tuesday, October 15th. Investors of record on Friday, August 23rd were paid a $0.4533 dividend. The ex-dividend date was 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.