ThyssenKrupp (OTCMKTS:TKAMY) Cut to Hold at Zacks Research

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

Several other research firms have also recently issued reports on TKAMY. Morgan Stanley reissued an “underweight” rating on shares of ThyssenKrupp in a research note on Tuesday, January 6th. Jefferies Financial Group raised shares of ThyssenKrupp from a “hold” rating to a “buy” rating in a research report on Friday, February 20th. Citigroup reaffirmed a “buy” rating on shares of ThyssenKrupp in a research report on Friday, December 5th. Finally, Barclays reaffirmed an “underweight” rating on shares of ThyssenKrupp in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, ThyssenKrupp presently has an average rating of “Hold”.

ThyssenKrupp Stock Down 2.1%

Shares of OTCMKTS:TKAMY opened at $12.47 on Tuesday. The stock has a market capitalization of $7.76 billion, a P/E ratio of 11.55 and a beta of 1.01. The stock’s 50-day moving average price is $12.35 and its 200-day moving average price is $12.50. The company has a current ratio of 1.69, a quick ratio of 1.09 and a debt-to-equity ratio of 0.05. ThyssenKrupp has a 12-month low of $7.80 and a 12-month high of $17.02.

ThyssenKrupp (OTCMKTS:TKAMY) last released its earnings results on Thursday, February 12th. The company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.27). ThyssenKrupp had a net margin of 1.83% and a return on equity of 9.21%. The company had revenue of $8.52 billion during the quarter, compared to the consensus estimate of $9.42 billion.

About ThyssenKrupp

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.