A.P. Moller-Maersk (OTCMKTS:AMKBY) Upgraded to “Hold” at Fearnley Fonds

Fearnley Fonds upgraded shares of A.P. Moller-Maersk (OTCMKTS:AMKBY) from a strong sell rating to a hold rating in a research note released on Thursday morning,Zacks.com reports.

Other research analysts also recently issued reports about the stock. Barclays upgraded shares of A.P. Moller-Maersk from a “strong sell” rating to a “hold” rating in a research report on Friday, March 6th. Citigroup reiterated a “neutral” rating on shares of A.P. Moller-Maersk in a research report on Monday, May 18th. Finally, Morgan Stanley reiterated an “underweight” rating on shares of A.P. Moller-Maersk in a research report on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Hold rating and seven have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce”.

A.P. Moller-Maersk Stock Up 1.6%

AMKBY opened at $14.20 on Thursday. The company has a current ratio of 1.98, a quick ratio of 1.85 and a debt-to-equity ratio of 0.09. A.P. Moller-Maersk has a 1-year low of $8.95 and a 1-year high of $14.32. The company has a market capitalization of $44.95 billion, a PE ratio of 26.79 and a beta of 0.71. The firm’s 50 day simple moving average is $12.14 and its two-hundred day simple moving average is $12.00.

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.