ThyssenKrupp (OTCMKTS:TKAMY) Upgraded at Zacks Research

Zacks Research upgraded shares of ThyssenKrupp (OTCMKTS:TKAMY) from a hold rating to a strong-buy rating in a research report sent to investors on Tuesday morning,Zacks.com reports.

TKAMY has been the subject of a number of other research reports. DZ Bank raised shares of ThyssenKrupp from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 16th. Citigroup reissued a “buy” rating on shares of ThyssenKrupp in a report on Friday, December 5th. Finally, Morgan Stanley reaffirmed an “underweight” rating on shares of ThyssenKrupp in a research note on Tuesday. Two research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, ThyssenKrupp currently has a consensus rating of “Moderate Buy”.

ThyssenKrupp Price Performance

OTCMKTS TKAMY opened at $11.92 on Tuesday. The company has a 50-day moving average price of $11.74 and a 200-day moving average price of $12.23. ThyssenKrupp has a 52 week low of $3.84 and a 52 week high of $17.02. The company has a quick ratio of 1.09, a current ratio of 1.69 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $7.42 billion, a P/E ratio of 7.22 and a beta of 0.97.

ThyssenKrupp (OTCMKTS:TKAMY) last announced its earnings results on Tuesday, December 9th. The company reported $1.20 earnings per share (EPS) for the quarter. ThyssenKrupp had a net margin of 2.80% and a return on equity of 9.15%. The company had revenue of $9.68 billion during the quarter, compared to analyst estimates of $9.60 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.