Mondi (OTCMKTS:MONDY) Upgraded by Citigroup to “Strong-Buy”

Citigroup upgraded shares of Mondi (OTCMKTS:MONDY) from a hold rating to a strong-buy rating in a research note issued to investors on Thursday morning, Zacks.com reports.

Separately, Barclays upgraded shares of Mondi from a strong sell rating to a hold rating in a research note on Wednesday, August 7th.

Mondi Stock Up 3.2 %

OTCMKTS MONDY opened at $38.76 on Thursday. The company has a current ratio of 2.06, a quick ratio of 1.32 and a debt-to-equity ratio of 0.36. The company has a 50 day moving average price of $37.53 and a two-hundred day moving average price of $38.08. Mondi has a 12-month low of $33.12 and a 12-month high of $44.28.

Mondi Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Friday, August 23rd will be paid a $0.4533 dividend. The ex-dividend date is 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.