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

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

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

KNYJY stock opened at $22.77 on Thursday. The company has a quick ratio of 1.10, a current ratio of 1.22 and a debt-to-equity ratio of 0.14. The business has a 50-day moving average of $25.22 and a 200-day moving average of $30.31. KONE Oyj has a fifty-two week low of $22.01 and a fifty-two week high of $42.55.

About KONE Oyj (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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