thyssenkrupp (OTCMKTS:TKAMY) Upgraded at Zacks Investment Research

thyssenkrupp (OTCMKTS:TKAMYGet Rating) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Tuesday, Zacks.com reports.

According to Zacks, “ThyssenKrupp AG engages in the production of steel. It operates through the following business areas Components Technology, Elevator Technology, Industrial Solutions, Materials Services, Steel Europe and Steel Americas. Components Technology business area offers components for the automotive, construction and engineering sectors. Elevator Technology business area constructs and modernizes elevators, escalators, moving walks, stair and platform lifts, and passenger boarding bridges. Industrial Solutions business area is an international supplier in special and large-scale plant construction as well as naval shipbuilding. Materials Services business area distributes materials and provides complex technical services for the production and manufacturing sectors. Steel Europe business area involves in the flat carbon steel activities. Steel America business area produces, processes, and markets steel products in North and South America. ThyssenKrupp AG is headquartered in Essen, Germany. “

Other research analysts have also issued research reports about the company. Morgan Stanley cut their price objective on thyssenkrupp from €9.70 ($10.10) to €8.60 ($8.96) in a report on Monday, April 11th. Credit Suisse Group upped their target price on thyssenkrupp from €16.50 ($17.19) to €17.60 ($18.33) and gave the stock an “outperform” rating in a research note on Friday. Finally, Deutsche Bank Aktiengesellschaft cut their target price on thyssenkrupp from €18.00 ($18.75) to €17.00 ($17.71) in a research note on Thursday, March 17th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $13.80.

Shares of OTCMKTS TKAMY traded up $0.39 during midday trading on Tuesday, hitting $8.57. 15,409 shares of the company’s stock were exchanged, compared to its average volume of 16,641. thyssenkrupp has a 12-month low of $7.28 and a 12-month high of $12.70. The company has a current ratio of 2.09, a quick ratio of 1.40 and a debt-to-equity ratio of 0.33. The company has a market cap of $5.34 billion, a price-to-earnings ratio of 5.13 and a beta of 1.82. The business’s fifty day moving average price is $8.33 and its two-hundred day moving average price is $9.88.

About thyssenkrupp (Get Rating)

thyssenkrupp AG operates in the areas of automotive technology, industrial components, marine systems, steel, and materials services in Germany, the United States, China, and internationally. The company's Automotive Technology segment develops and manufactures components and systems, as well as automation solutions for the automotive industry.

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