Metso Corp. (MXCYY) Cut to “Neutral” at Credit Suisse Group AG


Metso Corp. (OTCMKTS:MXCYY) was downgraded by equities researchers at Credit Suisse Group AG from an “outperform” rating to a “neutral” rating in a report issued on Tuesday.
A number of other research firms have also weighed in on MXCYY. Zacks Investment Research lowered shares of Metso Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, September 13th. Barclays PLC upgraded shares of Metso Corp. from an “underweight” rating to an “equal weight” rating in a report on Friday, July 22nd.
Shares of Metso Corp. (OTCMKTS:MXCYY) remained flat at $7.03 during mid-day trading on Tuesday. Metso Corp. has a 1-year low of $4.76 and a 1-year high of $7.38. The stock has a 50-day moving average price of $7.09 and a 200 day moving average price of $6.28. The firm has a market cap of $4.22 billion, a price-to-earnings ratio of 22.92 and a beta of 2.12.

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About Metso Corp.
Metso Oyj is a global supplier of sustainable technology and services for mining, aggregates, oil and gas, pulp, paper, as well as process industries. The Company’s segments include Minerals, Flow Control, and Group Head Office and other. The Minerals segment covers the Company’s mining, aggregates and recycling businesses.

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