ThyssenKrupp (OTCMKTS:TKAMY) Upgraded to Strong-Buy at DZ Bank

DZ Bank upgraded shares of ThyssenKrupp (OTCMKTS:TKAMY) from a hold rating to a strong-buy rating in a research note issued to investors on Friday,Zacks.com reports.

Other equities analysts have also issued research reports about the stock. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of ThyssenKrupp in a research report on Wednesday, July 22nd. Citigroup restated a “buy” rating on shares of ThyssenKrupp in a research report on Friday. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

ThyssenKrupp Price Performance

ThyssenKrupp stock opened at $15.57 on Friday. ThyssenKrupp has a 12-month low of $8.16 and a 12-month high of $17.02. The stock has a market capitalization of $9.69 billion, a P/E ratio of 28.83 and a beta of 1.39. The firm’s 50-day moving average is $13.61 and its two-hundred day moving average is $12.24. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.66 and a quick ratio of 0.99.

About ThyssenKrupp

ThyssenKrupp AG (OTCMKTS: TKAMY) is a diversified German industrial conglomerate headquartered in Essen and Düsseldorf. Formed in 1999 through the merger of Thyssen AG and Friedrich Krupp GmbH, the company operates across multiple segments, including steel production, materials distribution, industrial engineering, elevator technology and automotive components.

In its Materials Services division, ThyssenKrupp supplies processed and semi-finished steel products and high-performance materials to industries such as automotive, construction and machinery manufacturing.