ThyssenKrupp (OTCMKTS:TKAMY) Rating Increased to Strong-Buy 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 topic of a number of other reports. Morgan Stanley restated an “underweight” rating on shares of ThyssenKrupp in a research note on Tuesday. Citigroup reissued a “buy” rating on shares of ThyssenKrupp in a research report on Friday, December 5th. Finally, DZ Bank raised shares of ThyssenKrupp from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 16th. Two equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, ThyssenKrupp has a consensus rating of “Moderate Buy”.

ThyssenKrupp Stock Performance

Shares of TKAMY stock opened at $12.03 on Tuesday. 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 company has a 50 day moving average price of $11.80 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 firm has a market capitalization of $7.02 billion, a PE ratio of 7.29 and a beta of 0.97.

ThyssenKrupp (OTCMKTS:TKAMY) last issued its quarterly earnings data on Tuesday, December 9th. The company reported $1.20 earnings per share 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 for the quarter, compared to the consensus estimate 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.