Zacks Investment Research Downgrades ATLAS COPCO AB/S (ATLKY) to Sell
ATLAS COPCO AB/S (OTCMKTS:ATLKY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Thursday.
According to Zacks, “ATLAS COPCO is a world leading provider of industrial productivity solutions. The products and services range from compressed air and gas equipment, generators, construction and mining equipment, industrial tools and assembly systems, to related aftermarket and rental. In close cooperation with customers and business partners, and with 135 years of experience, Atlas Copco innovates for superior productivity. Headquartered in Stockholm, Sweden, the Group’s global reach spans more than 160 markets. “
Separately, ValuEngine raised shares of ATLAS COPCO AB/S from a “sell” rating to a “hold” rating in a research note on Friday, September 21st.
ATLAS COPCO AB/S (OTCMKTS:ATLKY) last issued its earnings results on Friday, July 20th. The industrial products company reported $0.37 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.48 by ($0.11). The company had revenue of $2.82 billion for the quarter, compared to the consensus estimate of $3.76 billion. ATLAS COPCO AB/S had a return on equity of 29.21% and a net margin of 96.76%. Equities research analysts predict that ATLAS COPCO AB/S will post 1.38 earnings per share for the current fiscal year.
About ATLAS COPCO AB/S
Atlas Copco AB, through its subsidiaries, provides productivity solutions worldwide. It offers piston compressors, oil-free tooth and scroll compressors, rotary screw compressors, oil-free blowers, oil-free centrifugal compressors, gas and process compressors, vacuum solutions, air and gas treatment equipment, and medical air solutions for use in manufacturing, oil and gas, and process industries.
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