Zacks Investment Research downgraded shares of Akzo Nobel (OTCMKTS:AKZOY) from a hold rating to a sell rating in a report published on Thursday morning, Marketbeat.com reports.

According to Zacks, “AkzoNobel is a leading global paints and coatings company and a major producer of specialty chemicals. Their portfolio includes brands such as Dulux, Sikkens, International, Interpon and Eka. “

Shares of Akzo Nobel (OTCMKTS:AKZOY) opened at 21.14 on Thursday. Akzo Nobel has a one year low of $20.10 and a one year high of $26.62. The stock’s 50 day moving average is $21.65 and its 200-day moving average is $22.67. The firm has a market cap of $15.77 billion and a P/E ratio of 18.49.

Other research analysts have also issued reports about the stock. Citigroup Inc. upgraded shares of Akzo Nobel from a neutral rating to a buy rating in a research note on Tuesday, October 13th. JPMorgan Chase & Co. upgraded shares of Akzo Nobel from a neutral rating to an overweight rating in a research note on Friday, January 15th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of Hold and a consensus target price of $27.00.

Akzo Nobel N.V. is a paints and coatings company and a producer of specialty chemicals. The Company operates in three segments: Decorative Paints, Performance Coatings and Specialty Chemicals. The Decorative Paints segment supplies the professional and do-it-yourself markets with interior and exterior decoration and protection products. The Performance Coatings segment includes marine coatings, metal coatings, powder coatings, protective coatings, vehicle refinishes, wood coatings, and specialty coatings, such as aerospace coatings, specialty finishes, yacht coatings. The Specialty Chemicals segment offers specialty chemical products used in everyday products, such as ice cream, soups, disinfectants, plastics, soaps, detergents, cosmetics, paper and asphalt. The Company’s brands include Coral, Dulux, Flexa, Hammerite, Sadolin, Sikkens, Awlgrip, International, Interpon, AkzoNobel, Bindzil, Biostyle, Dissolvine, Ecosel, Eka, Expancel, Jozo and Kromasil.

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