ThyssenKrupp (OTCMKTS:TKAMY) Downgraded to “Hold” Rating by Zacks Research

ThyssenKrupp (OTCMKTS:TKAMY) was downgraded by equities researchers at Zacks Research from a “strong-buy” rating to a “hold” rating in a report issued on Tuesday,Zacks.com reports.

TKAMY has been the topic of a number of other research reports. Jefferies Financial Group upgraded shares of ThyssenKrupp from a “hold” rating to a “buy” rating in a research note on Friday, February 20th. Citigroup reaffirmed a “buy” rating on shares of ThyssenKrupp in a report on Friday, December 5th. Barclays reaffirmed an “underweight” rating on shares of ThyssenKrupp in a research note on Monday. Finally, Morgan Stanley reissued an “underweight” rating on shares of ThyssenKrupp in a research report on Tuesday, January 6th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, ThyssenKrupp presently has a consensus rating of “Hold”.

ThyssenKrupp Trading Up 3.7%

Shares of TKAMY opened at $12.74 on Tuesday. ThyssenKrupp has a 12 month low of $7.56 and a 12 month high of $17.02. The stock’s 50-day moving average is $12.32 and its two-hundred day moving average is $12.50. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.69 and a quick ratio of 1.09. The stock has a market cap of $7.93 billion, a PE ratio of 11.80 and a beta of 1.01.

ThyssenKrupp (OTCMKTS:TKAMY) last announced its earnings results on Thursday, February 12th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of $0.20 by ($0.27). The company had revenue of $8.52 billion for the quarter, compared to analysts’ expectations of $9.42 billion. ThyssenKrupp had a net margin of 1.83% and a return on equity of 9.21%.

ThyssenKrupp Company Profile

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.