Zacks Research Upgrades Kone Oyj (OTCMKTS:KNYJY) to “Hold”

Kone Oyj (OTCMKTS:KNYJY) was upgraded by stock analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report released on Monday, Zacks reports.

Separately, Kepler Capital Markets upgraded Kone Oyj from a “hold” rating to a “buy” rating in a research note on Tuesday, June 23rd. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Kone Oyj has an average rating of “Hold”.

Kone Oyj Stock Performance

Shares of KNYJY opened at $30.00 on Monday. The firm has a market cap of $27.19 billion, a price-to-earnings ratio of 28.30, a price-to-earnings-growth ratio of 1.71 and a beta of 0.65. The company’s fifty day moving average is $29.07 and its 200-day moving average is $30.10. The company has a quick ratio of 0.83, a current ratio of 0.99 and a debt-to-equity ratio of 0.23. Kone Oyj has a 12 month low of $26.52 and a 12 month high of $38.29.

Kone Oyj (OTCMKTS:KNYJY) last issued its quarterly earnings data on Wednesday, July 22nd. The company reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.05). The business had revenue of $3.36 billion during the quarter, compared to the consensus estimate of $3.38 billion. Kone Oyj had a return on equity of 38.87% and a net margin of 8.33%. Equities analysts expect that Kone Oyj will post 1.2 EPS for the current fiscal year.

Kone Oyj Company Profile

Kone Oyj is a Finland-based company that develops, manufactures, sells and services elevators, escalators and automatic building doors. Its solutions are used in residential, commercial and public buildings to support the movement of people and goods, and include equipment, control systems, access solutions and related digital services.

The company also provides maintenance, modernization and replacement services for its own equipment and products from other manufacturers. These services are intended to improve the safety, reliability, energy efficiency and performance of elevators, escalators and building-access systems throughout their operating lives.

Founded in 1910, Kone has grown into an international provider serving customers across Europe, Asia-Pacific, the Middle East, Africa and the Americas.