Kone Oyj (OTCMKTS:KNYJY) Upgraded by BNP Paribas Exane to Strong Sell Rating

Kone Oyj (OTCMKTS:KNYJY) was upgraded by investment analysts at BNP Paribas Exane to a “strong sell” rating in a research note issued on Tuesday,Zacks.com reports.

A number of other research firms have also recently weighed in on KNYJY. Royal Bank Of Canada upgraded Kone Oyj from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 13th. Barclays restated an “underweight” rating on shares of Kone Oyj in a research note on Wednesday, December 3rd. Sanford C. Bernstein raised shares of Kone Oyj to a “strong-buy” rating in a report on Friday, December 5th. Finally, Citigroup cut Kone Oyj from a “buy” rating to a “neutral” rating in a research note on Monday, January 26th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold”.

Kone Oyj Price Performance

Shares of OTCMKTS:KNYJY opened at $35.17 on Tuesday. The business’s fifty day moving average price is $36.31 and its two-hundred day moving average price is $34.38. Kone Oyj has a one year low of $25.42 and a one year high of $38.29. The stock has a market cap of $31.88 billion, a PE ratio of 32.87, a price-to-earnings-growth ratio of 2.61 and a beta of 0.64. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.92 and a current ratio of 1.08.

Kone Oyj (OTCMKTS:KNYJY) last posted its quarterly earnings data on Friday, February 6th. The company reported $0.30 earnings per share (EPS) for the quarter. Kone Oyj had a return on equity of 40.59% and a net margin of 8.76%.The business had revenue of $3.45 billion for the quarter. On average, analysts forecast that Kone Oyj will post 1.06 EPS for the current fiscal year.

About Kone Oyj

Kone Oyj is a Finland-based company that designs, manufactures and services elevators, escalators and automatic building doors. Founded in 1910 and headquartered in Espoo, Kone has grown into a global provider of people-flow solutions, supplying new equipment as well as modernization and maintenance services for a wide range of buildings, including residential, commercial, healthcare, retail and transportation facilities.

The company’s core activities include the engineering and installation of elevator and escalator systems, ongoing maintenance programs to ensure safety and uptime, and modernization of aging equipment to improve performance and energy efficiency.