UBS Group Upgrades KONE Oyj (OTCMKTS:KNYJY) to Buy

KONE Oyj (OTCMKTS:KNYJYGet Rating) was upgraded by equities researchers at UBS Group from a “neutral” rating to a “buy” rating in a research note issued on Thursday, The Fly reports.

A number of other research analysts have also weighed in on the company. Barclays cut their price objective on KONE Oyj from €57.00 ($59.38) to €53.00 ($55.21) in a research report on Tuesday, April 5th. Danske upgraded KONE Oyj from a “sell” rating to a “hold” rating in a research report on Friday, April 8th. Zacks Investment Research lowered KONE Oyj from a “hold” rating to a “sell” rating in a research report on Friday, March 18th. JPMorgan Chase & Co. cut their price objective on KONE Oyj from €73.00 ($76.04) to €70.00 ($72.92) in a research report on Tuesday, March 29th. Finally, Morgan Stanley lowered their price target on shares of KONE Oyj from €56.00 ($58.33) to €54.00 ($56.25) and set an “equal weight” rating for the company in a report on Friday, April 29th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $54.60.

Shares of KNYJY stock opened at $22.77 on Thursday. The stock has a fifty day simple moving average of $25.22 and a two-hundred day simple moving average of $30.31. The company has a current ratio of 1.22, a quick ratio of 1.10 and a debt-to-equity ratio of 0.14. KONE Oyj has a 52-week low of $22.01 and a 52-week high of $42.55.

KONE Oyj Company Profile (Get Rating)

KONE Oyj, together with its subsidiaries, engages in the elevator and escalator business worldwide. It offers elevators, escalators, and automatic building doors. The company also provides maintenance services; modernization solutions; and various residential solutions. In addition, it offers KONE Office Flow, a connected solution that allows for personalized user experiences and touch-free access; health and well-being solutions for elevators, escalators, and doors; KONE Residential Flow, a smarter building solution for the movement of people, goods, and information; KONE Access, an access control system, which is integrated with elevator system and building doors; KONE Destination, a destination control system that reduce waiting and travel times; KONE infotainment, a communication channel for building tenants and visitors; and monitoring solutions that enable real-time inspection of elevators and escalators.

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Analyst Recommendations for KONE Oyj (OTCMKTS:KNYJY)

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