Barclays Upgrades A.P. Moller-Maersk (OTCMKTS:AMKBY) to “Hold”

A.P. Moller-Maersk (OTCMKTS:AMKBY) was upgraded by analysts at Barclays from a “strong sell” rating to a “hold” rating in a report issued on Friday,Zacks.com reports.

A number of other equities analysts also recently weighed in on the company. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of A.P. Moller-Maersk in a research report on Wednesday, December 17th. Wolfe Research reaffirmed an “underperform” rating on shares of A.P. Moller-Maersk in a research report on Thursday, January 8th. Kepler Capital Markets upgraded A.P. Moller-Maersk from a “reduce” rating to a “hold” rating in a research note on Friday, February 6th. Bank of America lowered A.P. Moller-Maersk from a “neutral” rating to an “underperform” rating in a report on Friday, January 23rd. Finally, Citigroup reaffirmed a “neutral” rating on shares of A.P. Moller-Maersk in a report on Monday, February 9th. One research analyst has rated the stock with a Strong Buy rating, four have given a Hold rating and eight have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Reduce”.

A.P. Moller-Maersk Stock Up 0.9%

OTCMKTS:AMKBY opened at $13.21 on Friday. A.P. Moller-Maersk has a twelve month low of $6.69 and a twelve month high of $13.50. The firm has a market capitalization of $41.82 billion, a price-to-earnings ratio of 15.01 and a beta of 0.87. The company has a quick ratio of 2.02, a current ratio of 2.12 and a debt-to-equity ratio of 0.08. The stock’s 50 day moving average price is $12.11 and its two-hundred day moving average price is $10.93.

A.P. Moller-Maersk (OTCMKTS:AMKBY) last released its quarterly earnings data on Thursday, February 5th. The transportation company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.10). The company had revenue of $13.33 billion during the quarter, compared to analyst estimates of $12.83 billion. A.P. Moller-Maersk had a net margin of 5.05% and a return on equity of 4.87%. Equities research analysts expect that A.P. Moller-Maersk will post 0.41 earnings per share for the current fiscal year.

About A.P. Moller-Maersk

A.P. Moller-Maersk A/S is a Danish integrated transport and logistics company headquartered in Copenhagen. Operating under the Maersk brand worldwide, the group provides container shipping and end-to-end logistics services, combining ocean freight with land-based transportation, contract logistics, warehousing, and supply chain management for global shippers and manufacturers.

The company’s core activities include container shipping operations, terminal services through APM Terminals, and a growing logistics and services business that offers freight forwarding, customs brokerage, inland transportation and warehousing.