Atlas Copco AB (OTCMKTS:ATLKY) Receives Average Recommendation of “Hold” from Analysts

Atlas Copco AB (OTCMKTS:ATLKY) has been assigned an average rating of “Hold” from the six brokerages that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company.

A number of research firms have commented on ATLKY. Barclays upgraded Atlas Copco from a “hold” rating to an “overweight” rating in a research report on Wednesday. Citigroup restated a “buy” rating on shares of Atlas Copco in a report on Tuesday, October 28th. BNP Paribas raised shares of Atlas Copco from a “hold” rating to an “outperform” rating in a report on Thursday, September 4th. UBS Group lowered shares of Atlas Copco to a “sell” rating in a research report on Tuesday, October 28th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Atlas Copco in a research note on Monday, October 27th.

Atlas Copco Trading Down 0.3%

Shares of ATLKY opened at $17.90 on Wednesday. The firm’s 50-day moving average is $17.13 and its two-hundred day moving average is $16.49. Atlas Copco has a twelve month low of $13.41 and a twelve month high of $18.48. The company has a current ratio of 1.52, a quick ratio of 1.09 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $87.26 billion, a P/E ratio of 31.96, a PEG ratio of 9.16 and a beta of 1.40.

Atlas Copco (OTCMKTS:ATLKY) last announced its quarterly earnings results on Thursday, October 23rd. The industrial products company reported $0.14 EPS for the quarter, hitting the consensus estimate of $0.14. The business had revenue of $4.43 billion for the quarter, compared to analyst estimates of $4.42 billion. Atlas Copco had a return on equity of 25.42% and a net margin of 16.08%. On average, research analysts predict that Atlas Copco will post 0.55 earnings per share for the current fiscal year.

About Atlas Copco

Atlas Copco AB provides compressed air and gas, vacuum, energy, dewatering and industrial pump, industrial power tool, and assembly and machine vision solutions in North America, South America, Europe, Africa, the Middle East, Asia, and Oceania. It operates through Compressor Technique, Vacuum Technique, Industrial Technique, and Power Technique segments.