ThyssenKrupp (OTCMKTS:TKAMY) Downgraded by Zacks Research to “Hold”

Zacks Research cut shares of ThyssenKrupp (OTCMKTS:TKAMY) from a strong-buy rating to a hold rating in a research note issued to investors on Tuesday,Zacks.com reports.

A number of other equities research analysts have also recently issued reports on TKAMY. Morgan Stanley reaffirmed an “underweight” rating on shares of ThyssenKrupp in a report on Tuesday, January 6th. Barclays reissued an “underweight” rating on shares of ThyssenKrupp in a research report on Monday. Jefferies Financial Group raised ThyssenKrupp from a “hold” rating to a “buy” rating in a research report on Friday, February 20th. Finally, Citigroup reissued a “buy” rating on shares of ThyssenKrupp in a report on Friday, December 5th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

ThyssenKrupp Stock Performance

Shares of OTCMKTS TKAMY opened at $12.74 on Tuesday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.09 and a current ratio of 1.69. The stock has a 50 day moving average price of $12.32 and a 200 day moving average price of $12.50. The stock has a market capitalization of $7.93 billion, a PE ratio of 11.80 and a beta of 1.01. ThyssenKrupp has a 52 week low of $7.56 and a 52 week high of $17.02.

ThyssenKrupp (OTCMKTS:TKAMY) last posted its quarterly earnings results on Thursday, February 12th. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.27). ThyssenKrupp had a return on equity of 9.21% and a net margin of 1.83%.The company had revenue of $8.52 billion for the quarter, compared to analyst estimates of $9.42 billion.

ThyssenKrupp Company Profile

ThyssenKrupp AG (OTCMKTS: TKAMY) is a diversified German industrial conglomerate headquartered in Essen and Düsseldorf. Formed in 1999 through the merger of Thyssen AG and Friedrich Krupp GmbH, the company operates across multiple segments, including steel production, materials distribution, industrial engineering, elevator technology and automotive components.

In its Materials Services division, ThyssenKrupp supplies processed and semi-finished steel products and high-performance materials to industries such as automotive, construction and machinery manufacturing.