Atlas Copco (ATLKY) Upgraded by Zacks Investment Research to Buy

Atlas Copco (OTCMKTS:ATLKY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Monday. The brokerage currently has a $53.00 target price on the industrial products company’s stock. Zacks Investment Research‘s price target would suggest a potential upside of 11.50% from the company’s previous close.

According to Zacks, “ATLAS COPCO is a world leading provider of industrial productivity solutions. The products and services range from compressed air and gas equipment, generators, construction and mining equipment, industrial tools and assembly systems, to related aftermarket and rental. In close cooperation with customers and business partners, and with 135 years of experience, Atlas Copco innovates for superior productivity. Headquartered in Stockholm, Sweden, the Group’s global reach spans more than 160 markets. “

Atlas Copco (OTCMKTS:ATLKY) traded up $0.01 during trading on Monday, reaching $47.54. 60,958 shares of the company traded hands, compared to its average volume of 42,519. The stock has a market cap of $39,890.00, a price-to-earnings ratio of 33.29, a price-to-earnings-growth ratio of 1.96 and a beta of 0.98. Atlas Copco has a one year low of $31.25 and a one year high of $47.60. The company has a quick ratio of 1.38, a current ratio of 1.85 and a debt-to-equity ratio of 0.42.

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About Atlas Copco

Atlas Copco AB is a holding company. The Company is a provider of various productivity solutions. It serves customers with compressors, vacuum solutions and air treatment systems, construction and mining equipment, power tools and assembly systems. Its segments include Compressor Technique, which provides industrial compressors, vacuum solutions, gas and process compressors and expanders, air and gas treatment equipment and air management systems; Industrial Technique, which provides industrial power tools and systems, industrial assembly solutions, quality assurance products, software and service; Mining and Rock Excavation Technique, which provides equipment for drilling and rock excavation, a range of related consumables and service, and Construction Technique, which provides construction and demolition tools, portable compressors, pumps and generators, lighting towers, and compaction and paving equipment.

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