Kone Oyj (OTCMKTS:KNYJY) Upgraded to Strong Sell at BNP Paribas Exane

BNP Paribas Exane upgraded shares of Kone Oyj (OTCMKTS:KNYJY) to a strong sell rating in a research report report published on Tuesday morning,Zacks.com reports.

Other research analysts also recently issued reports about the stock. Citigroup downgraded shares of Kone Oyj from a “buy” rating to a “neutral” rating in a research report on Monday, January 26th. Barclays reissued an “underweight” rating on shares of Kone Oyj in a report on Wednesday, December 3rd. Royal Bank Of Canada raised Kone Oyj from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 13th. Finally, Sanford C. Bernstein raised Kone Oyj to a “strong-buy” rating in a report on Friday, December 5th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Kone Oyj presently has an average rating of “Hold”.

Kone Oyj Stock Down 0.9%

OTCMKTS:KNYJY traded down $0.33 during mid-day trading on Tuesday, reaching $34.84. The stock had a trading volume of 33,910 shares, compared to its average volume of 49,684. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.08 and a quick ratio of 0.92. The company has a market capitalization of $31.58 billion, a price-to-earnings ratio of 32.56, a price-to-earnings-growth ratio of 2.61 and a beta of 0.64. Kone Oyj has a 1-year low of $25.42 and a 1-year high of $38.29. The stock’s 50 day simple moving average is $36.31 and its two-hundred day simple moving average is $34.38.

Kone Oyj (OTCMKTS:KNYJY) last issued its earnings results on Friday, February 6th. The company reported $0.30 EPS for the quarter. The company had revenue of $3.45 billion during the quarter. Kone Oyj had a return on equity of 40.59% and a net margin of 8.76%. Equities analysts anticipate that Kone Oyj will post 1.06 EPS for the current year.

About Kone Oyj

Kone Oyj is a Finland-based company that designs, manufactures and services elevators, escalators and automatic building doors. Founded in 1910 and headquartered in Espoo, Kone has grown into a global provider of people-flow solutions, supplying new equipment as well as modernization and maintenance services for a wide range of buildings, including residential, commercial, healthcare, retail and transportation facilities.

The company’s core activities include the engineering and installation of elevator and escalator systems, ongoing maintenance programs to ensure safety and uptime, and modernization of aging equipment to improve performance and energy efficiency.