Aggreko (ARGKF) Lifted to Hold at Zacks Investment Research

Aggreko (OTCMKTS:ARGKF) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Tuesday.

According to Zacks, “Aggreko plc provides rental solutions to energy sector primarily of power generation and temperature control equipments. Its power generation rental solutions include generators, gas generators, transformers, load banks, fuel tanks, and electrical distribution equipment, as well as power accessories. Temperature control equipments include: chillers, cooling towers, air conditioners, spot coolers, air handlers, heaters, heat exchangers, and temperature accessories. The Company also provides dehumidifiers; and oil-free air solutions, including air compressor, air dryer, after coolers, and air accessories, as well as offers risk management solutions. Cooling equipments include supplemental cooling, thermal discharge cooling, cooling tower repair, contingency plan, emergency cooling, and cooling tower accessories. The Company also offers event services and process services. Aggreko plc is headquartered in Glasgow, the United Kingdom. “

A number of other brokerages also recently issued reports on ARGKF. Jefferies Group raised Aggreko from a “hold” rating to a “buy” rating in a research report on Monday, November 13th. ValuEngine raised Aggreko from a “hold” rating to a “buy” rating in a research report on Monday, October 23rd.

Shares of Aggreko (OTCMKTS ARGKF) traded up $0.09 during mid-day trading on Tuesday, hitting $11.43. The stock had a trading volume of 762 shares, compared to its average volume of 1,733. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.50 and a current ratio of 1.94. Aggreko has a 1-year low of $9.95 and a 1-year high of $13.46.

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About Aggreko

Aggreko plc is a United Kingdom-based company, which is a provider of modular, mobile power and related solutions. The Company’s segments include Power Solutions and Rental Solutions. The Power Solutions segment provides solutions for power requirements. The Power Solutions segment has two businesses: utility and industrial.

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