A.P. Moller-Maersk (OTCMKTS:AMKBY) Given Average Recommendation of “Reduce” by Brokerages

Shares of A.P. Moller-Maersk (OTCMKTS:AMKBY) have received a consensus recommendation of “Reduce” from the twelve analysts that are covering the stock, Marketbeat.com reports. Seven research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and one has given a strong buy recommendation to the company.

AMKBY has been the topic of a number of analyst reports. Nordea Equity Research cut A.P. Moller-Maersk from a “buy” rating to a “sell” rating in a research note on Friday, January 30th. Citigroup reiterated a “neutral” rating on shares of A.P. Moller-Maersk in a research report on Monday, February 9th. Barclays raised A.P. Moller-Maersk from a “strong sell” rating to a “hold” rating in a report on Friday, March 6th. Morgan Stanley reissued an “underweight” rating on shares of A.P. Moller-Maersk in a report on Friday, May 8th. Finally, Bank of America downgraded A.P. Moller-Maersk from a “neutral” rating to an “underperform” rating in a report on Friday, January 23rd.

A.P. Moller-Maersk Stock Down 1.4%

A.P. Moller-Maersk stock opened at $11.29 on Friday. A.P. Moller-Maersk has a 1-year low of $8.84 and a 1-year high of $14.32. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.12 and a quick ratio of 2.02. The stock has a market cap of $35.74 billion, a PE ratio of 21.30 and a beta of 0.70. The stock’s fifty day moving average is $12.32 and its two-hundred day moving average is $11.64.

A.P. Moller-Maersk Company Profile

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.