Kone Oyj Unsponsored ADR (OTCMKTS:KNYJY) Receives Consensus Rating of “Hold” from Brokerages

Shares of Kone Oyj Unsponsored ADR (OTCMKTS:KNYJY) have been assigned an average rating of “Hold” from the eight research firms that are currently covering the firm, MarketBeat reports. Three research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation, one has issued a buy recommendation and one has issued a strong buy recommendation on the company.

Several equities analysts have recently weighed in on the stock. Evercore upgraded shares of Kone Oyj to a “hold” rating in a research note on Monday, April 13th. Zacks Research downgraded shares of Kone Oyj from a “hold” rating to a “strong sell” rating in a report on Friday, July 24th. Finally, Kepler Capital Markets upgraded shares of Kone Oyj from a “hold” rating to a “buy” rating in a research note on Tuesday, June 23rd.

Kone Oyj Stock Up 1.2%

KNYJY stock opened at $28.82 on Friday. The stock has a fifty day moving average of $28.46 and a 200-day moving average of $31.95. Kone Oyj has a fifty-two week low of $26.52 and a fifty-two week high of $38.29. The company has a market capitalization of $26.12 billion, a price-to-earnings ratio of 27.19, a PEG ratio of 1.70 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 announced its quarterly earnings data on Wednesday, July 22nd. The company reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.05). The firm had revenue of $3.36 billion during the quarter, compared to the consensus estimate of $3.38 billion. Kone Oyj had a net margin of 8.33% and a return on equity of 35.88%. As a group, equities 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 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.