ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY) Receives Average Recommendation of “Hold” from Brokerages

ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY) has been given an average recommendation of “Hold” by the seven ratings firms that are presently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating on the company.

TKAMY has been the subject of a number of recent analyst reports. Zacks Research downgraded shares of ThyssenKrupp from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 24th. Barclays restated an “underweight” rating on shares of ThyssenKrupp in a research note on Monday, February 23rd. Citigroup reissued a “buy” rating on shares of ThyssenKrupp in a report on Thursday, May 14th. Deutsche Bank Aktiengesellschaft upgraded shares of ThyssenKrupp from a “buy” rating to a “buy” rating in a report on Thursday, April 30th. Finally, Jefferies Financial Group raised shares of ThyssenKrupp from a “hold” rating to a “buy” rating in a report on Friday, February 20th.

ThyssenKrupp Stock Up 0.6%

TKAMY stock opened at $13.62 on Friday. The stock has a market capitalization of $8.48 billion, a PE ratio of 16.61 and a beta of 1.35. The company has a fifty day moving average of $10.85 and a 200-day moving average of $11.46. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.01 and a current ratio of 1.72. ThyssenKrupp has a one year low of $8.16 and a one year high of $17.02.

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.