ThyssenKrupp (OTCMKTS:TKAMY) Rating Increased to Strong-Buy at DZ Bank

ThyssenKrupp (OTCMKTS:TKAMY) was upgraded by analysts at DZ Bank from a “hold” rating to a “strong-buy” rating in a research note issued on Friday,Zacks.com reports.

A number of other brokerages have also recently issued reports on TKAMY. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of ThyssenKrupp in a report on Wednesday, July 22nd. Citigroup reiterated a “buy” rating on shares of ThyssenKrupp in a research report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold”.

ThyssenKrupp Price Performance

Shares of OTCMKTS:TKAMY opened at $15.57 on Friday. The company has a quick ratio of 0.99, a current ratio of 1.66 and a debt-to-equity ratio of 0.05. ThyssenKrupp has a fifty-two week low of $8.16 and a fifty-two week high of $17.02. The firm has a 50-day simple moving average of $13.61 and a 200 day simple moving average of $12.24. The company has a market cap of $9.69 billion, a PE ratio of 28.83 and a beta of 1.39.

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.