Covestro (OTC:COVTY) Upgraded to "Hold" at Barclays

Barclays upgraded shares of Covestro (OTC:COVTY - Free Report) to a hold rating in a research note published on Wednesday morning, Zacks.com reports.

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

Covestro Trading Up 0.3 %

Shares of OTC COVTY traded up $0.09 during mid-day trading on Wednesday, reaching $31.87. The company had a trading volume of 2,203 shares, compared to its average volume of 28,424. Covestro has a 52-week low of $24.12 and a 52-week high of $32.60. The company has a market capitalization of $12.05 billion, a price-to-earnings ratio of -34.55 and a beta of 1.18. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.71 and a quick ratio of 0.96.

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.