Atlas Copco (OTCMKTS:ATLKY) was downgraded by equities research analysts at Berenberg Bank from a “hold” rating to a “sell” rating in a report released on Thursday, The Fly reports.
ATLKY has been the subject of several other reports. Barclays reissued an “equal weight” rating on shares of Atlas Copco in a research report on Wednesday. Deutsche Bank Aktiengesellschaft reissued a “sell” rating on shares of Atlas Copco in a research report on Tuesday. SEB Equity Research lowered Atlas Copco from a “buy” rating to a “neutral” rating in a research report on Monday, November 2nd. They noted that the move was a valuation call. The Goldman Sachs Group raised Atlas Copco from a “neutral” rating to a “buy” rating in a research report on Tuesday, December 15th. Finally, JPMorgan Chase & Co. restated an “overweight” rating on shares of Atlas Copco in a research note on Monday, December 7th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $51.00.
Shares of OTCMKTS ATLKY opened at $55.87 on Thursday. The company has a quick ratio of 1.17, a current ratio of 1.63 and a debt-to-equity ratio of 0.40. The business has a fifty day simple moving average of $52.27 and a two-hundred day simple moving average of $47.94. The firm has a market cap of $67.86 billion, a PE ratio of 42.98 and a beta of 0.97. Atlas Copco has a twelve month low of $25.39 and a twelve month high of $56.95.
About Atlas Copco
Atlas Copco AB, together with its subsidiaries, provides productivity solutions. The company operates through Compressor Technique, Vacuum Technique, Industrial Technique, and Power Technique segments. It offers piston compressors, oil-free tooth and scroll compressors, rotary screw compressors, oil-free blowers, oil-free centrifugal compressors, gas and process compressors, air and gas treatment equipment, and medical air solutions primarily for use in the manufacturing and process industries.
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