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

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

Other equities analysts have also recently issued reports about the stock. Barclays raised shares of Mondi from a "strong sell" rating to a "hold" rating in a research report on Wednesday, August 7th. Citigroup raised shares of Mondi from a "hold" rating to a "strong-buy" rating in a report on Thursday, October 10th.

Mondi Stock Up 0.7 %

Shares of OTCMKTS MONDY traded up $0.24 during midday trading on Friday, hitting $33.15. 7,748 shares of the company's stock were exchanged, compared to its average volume of 9,252. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.32 and a current ratio of 2.06. Mondi has a 12 month low of $32.79 and a 12 month high of $44.28. The company's 50 day moving average price is $37.34 and its 200 day moving average price is $38.09.

Mondi Cuts Dividend

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