UPM-Kymmene (UPMKY) Downgraded by Zacks Investment Research to “Sell”

Zacks Investment Research downgraded shares of UPM-Kymmene (OTCMKTS:UPMKY) from a hold rating to a sell rating in a research note published on Friday morning.

According to Zacks, “UPM-Kymmene Corporation is a global paper and forest products company. The Company is engaged in the production of paper, with an emphasis on the manufacture and sale of printing and writing papers. UPM is known as a modern and focused forest industry company. It consists of three Business Groups: Energy and Pulp, Paper, and Engineered Materials. The company’s main market areas are Europe and North America. UPM’s activities are centered in the European Union countries and North America, and Asia. The Company’s activities are based on close integration of raw materials, energy and production. Its vision is to be the front-runner in the new forest industry and to create value by offering competitive products and services to customers worldwide. “

Separately, ValuEngine lowered shares of UPM-Kymmene from a hold rating to a sell rating in a report on Tuesday, November 6th.

OTCMKTS:UPMKY traded up $0.10 during mid-day trading on Friday, reaching $27.73. 11,641 shares of the company were exchanged, compared to its average volume of 18,730. UPM-Kymmene has a 12 month low of $24.26 and a 12 month high of $40.64. The company has a quick ratio of 1.12, a current ratio of 1.84 and a debt-to-equity ratio of 0.09. The firm has a market cap of $14.57 billion, a P/E ratio of 13.46, a P/E/G ratio of 0.94 and a beta of 1.34.

UPM-Kymmene (OTCMKTS:UPMKY) last issued its quarterly earnings data on Wednesday, October 24th. The basic materials company reported $0.71 EPS for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.06). UPM-Kymmene had a return on equity of 12.99% and a net margin of 11.12%. The company had revenue of $3.08 billion for the quarter, compared to the consensus estimate of $3.18 billion. As a group, equities analysts predict that UPM-Kymmene will post 2.62 earnings per share for the current fiscal year.

About UPM-Kymmene

UPM-Kymmene Oyj operates in the forest-based bio industry. It operates through UPM Biorefining, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Paper ENA, UPM Plywood, and Other Operations divisions. The company provides eucalyptus, birch, and softwood pulp grades for tissue, specialty, graphic papers, and packaging; wood-based renewable diesel and naphtha for fuel distributors and transportation industries; and sawn timber for joinery, packaging, distribution, and construction industries.

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