ThyssenKrupp (OTCMKTS:TKAMY) Downgraded to Hold Rating by Kepler Capital Markets

ThyssenKrupp (OTCMKTS:TKAMY) was downgraded by stock analysts at Kepler Capital Markets from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday, Zacks reports.

Several other equities research analysts have also commented on the company. Citigroup reissued a “buy” rating on shares of ThyssenKrupp in a research note on Friday, August 21st. DZ Bank raised ThyssenKrupp from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 21st. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of ThyssenKrupp in a report on Wednesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold”.

ThyssenKrupp Trading Down 0.2%

Shares of ThyssenKrupp stock opened at $16.27 on Tuesday. ThyssenKrupp has a 12-month low of $8.16 and a 12-month high of $17.38. The company has a current ratio of 1.66, a quick ratio of 0.99 and a debt-to-equity ratio of 0.05. The stock has a market cap of $10.13 billion, a PE ratio of 30.12 and a beta of 1.40. The company has a 50-day moving average of $14.26 and a two-hundred day moving average of $12.39.

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.