Kone Oyj Unsponsored ADR (OTCMKTS:KNYJY) Given Average Recommendation of “Hold” by Brokerages

Shares of Kone Oyj Unsponsored ADR (OTCMKTS:KNYJY) have been assigned a consensus rating of “Hold” from the eight analysts that are currently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, four have issued a hold recommendation, one has given a buy recommendation and one has issued a strong buy recommendation on the company.

A number of analysts have commented on KNYJY shares. Kepler Capital Markets raised Kone Oyj from a “hold” rating to a “buy” rating in a report on Tuesday, June 23rd. Zacks Research upgraded Kone Oyj from a “strong sell” rating to a “hold” rating in a research note on Monday.

Kone Oyj Trading Down 2.4%

KNYJY opened at $29.27 on Monday. The firm has a market capitalization of $26.53 billion, a price-to-earnings ratio of 27.61, a PEG ratio of 1.77 and a beta of 0.65. Kone Oyj has a fifty-two week low of $26.52 and a fifty-two week high of $38.29. The company’s 50 day moving average price is $29.10 and its two-hundred day moving average price is $30.06. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.99 and a quick ratio of 0.83.

Kone Oyj (OTCMKTS:KNYJY) last released its quarterly earnings results on Wednesday, July 22nd. The company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.05). The firm had revenue of $3.36 billion for the quarter, compared to the consensus estimate of $3.38 billion. Kone Oyj had a return on equity of 38.87% and a net margin of 8.33%. As a group, research analysts predict that Kone Oyj will post 1.2 earnings per share for the current year.

About Kone Oyj

Kone Oyj is a Finland-based company that develops, manufactures, sells and services elevators, escalators and automatic building doors. Its solutions are used in residential, commercial and public buildings to support the movement of people and goods, and include equipment, control systems, access solutions and related digital services.

The company also provides maintenance, modernization and replacement services for its own equipment and products from other manufacturers. These services are intended to improve the safety, reliability, energy efficiency and performance of elevators, escalators and building-access systems throughout their operating lives.

Founded in 1910, Kone has grown into an international provider serving customers across Europe, Asia-Pacific, the Middle East, Africa and the Americas.