MONDI PLC/ADR (OTCMKTS:MONDY) Rating Increased to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of MONDI PLC/ADR (OTCMKTS:MONDY) from a sell rating to a hold rating in a research report released on Thursday morning, Zacks.com reports.

According to Zacks, “Mondi plc manufactures and sells packaging and paper products. Its products include containerboards, sack kraft papers, speciality kraft papers, corrugated packaging products, industrial bags, extrusion coatings, films and hygiene components, release liners, office and printing papers and graphic printing papers as well as pre-made bags and pouches, printed laminates and high-barrier films. The company operates primarily in central Europe, Russia, North America and South Africa. Mondi plc is based in Addlestone, the United Kingdom. “

MONDY stock opened at $38.75 on Thursday. The company has a quick ratio of 0.76, a current ratio of 1.35 and a debt-to-equity ratio of 0.52. MONDI PLC/ADR has a fifty-two week low of $37.15 and a fifty-two week high of $59.32. The firm’s 50-day simple moving average is $42.96 and its 200 day simple moving average is $45.71. The stock has a market cap of $7.31 billion, a PE ratio of 8.67, a price-to-earnings-growth ratio of 2.27 and a beta of 0.88.

The company also recently disclosed a Semi-Annual dividend, which will be paid on Monday, October 7th. Investors of record on Friday, August 16th will be issued a $0.561 dividend. The ex-dividend date of this dividend is Thursday, August 15th. MONDI PLC/ADR’s dividend payout ratio (DPR) is presently 25.06%.

MONDI PLC/ADR Company Profile

Mondi plc manufactures and sells packaging and paper products in the United Kingdom, Africa, Europe, Russia, North America, South America, Asia, and Australia. The company offers flexible packaging, bags, and pouches; personal care components; release liners; technical films; corrugated packaging; industrial bags; barrier coatings; specialty Kraft paper; sack Kraft paper; containerboards; office and professional printing papers; and paper for sustainable and promotional events, as well as product training courses.

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