Just How Positive is Berenberg on Fortum Oyj (OTCMKTS:FOJCY) Following Their Upgrade?

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Fortum Oyj (OTCMKTS:FOJCY) Stock Upgrade

In an analyst note issued on 8 December, Berenberg announced that they have decided to upgrade shares of Fortum Oyj (OTCMKTS:FOJCY) stock from a “Sell” to a “Hold”.

From a total of 2 analysts covering Fortum Oyj (OTCMKTS:FOJCY) stock, 0 rate it a ”Buy”, 0 a “Sell”, and 2 a ”Hold”. This means that 0 of the ratings are positive. Fortum Oyj was the topic of 2 analyst reports since September 16, 2015 according to the firm StockzIntelligence Inc. Berenberg upgraded shares on December 8 to “Hold” rating.

The stock decreased 0.34% or $0.01 on December 8, striking $2.91. Approximately shares of stock traded hands. FORTUM OYJ UNSP ADR EACH REPR .20 ORD (OTCMKTS:FOJCY) has declined 25.38% since May 6, 2015 and is downtrending. It has underperformed by 24.59% the S&P500.

 Just How Positive is Berenberg on Fortum Oyj (OTCMKTS:FOJCY) Following Their Upgrade?

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