ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY) Receives Average Rating of “Hold” from Brokerages

Shares of ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY) have earned a consensus rating of “Hold” from the seven brokerages that are presently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company.

Several equities analysts have recently issued reports on TKAMY shares. Jefferies Financial Group raised ThyssenKrupp from a “hold” rating to a “buy” rating in a report on Friday, February 20th. Zacks Research lowered ThyssenKrupp from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 24th. Citigroup reiterated a “buy” rating on shares of ThyssenKrupp in a research report on Friday, December 5th. Morgan Stanley reissued an “underweight” rating on shares of ThyssenKrupp in a report on Tuesday, January 6th. Finally, Barclays restated an “underweight” rating on shares of ThyssenKrupp in a research report on Monday, February 23rd.

ThyssenKrupp Stock Up 5.9%

OTCMKTS:TKAMY opened at $9.31 on Tuesday. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.72 and a quick ratio of 1.01. The company’s fifty day moving average price is $12.01 and its 200-day moving average price is $12.49. ThyssenKrupp has a 1-year low of $8.46 and a 1-year high of $17.02. The firm has a market capitalization of $5.80 billion, a P/E ratio of 8.62 and a beta of 1.00.

ThyssenKrupp (OTCMKTS:TKAMY) last posted its earnings results on Thursday, February 12th. The company reported ($0.07) earnings per share (EPS) 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 9.08%. The business had revenue of $8.52 billion for the quarter, compared to analyst estimates 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.