Bank of America Downgrades A.P. Moller-Maersk (OTCMKTS:AMKBY) to Underperform

A.P. Moller-Maersk (OTCMKTS:AMKBY) was downgraded by investment analysts at Bank of America from a “neutral” rating to an “underperform” rating in a note issued to investors on Friday, Marketbeat reports.

AMKBY has been the topic of a number of other research reports. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of A.P. Moller-Maersk in a research note on Wednesday, December 17th. Wolfe Research reissued an “underperform” rating on shares of A.P. Moller-Maersk in a report on Thursday, January 8th. Citigroup reaffirmed a “neutral” rating on shares of A.P. Moller-Maersk in a research note on Thursday, November 13th. Hsbc Global Res upgraded A.P. Moller-Maersk to a “strong-buy” rating in a research report on Monday, September 29th. Finally, The Goldman Sachs Group downgraded A.P. Moller-Maersk from a “hold” rating to a “sell” rating in a research note on Wednesday, January 14th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and six have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce”.

A.P. Moller-Maersk Trading Down 2.4%

Shares of OTCMKTS:AMKBY opened at $11.37 on Friday. The stock has a 50 day moving average of $11.02 and a 200 day moving average of $10.51. The company has a market cap of $35.99 billion, a PE ratio of 7.24 and a beta of 0.88. A.P. Moller-Maersk has a 12-month low of $6.69 and a 12-month high of $12.63. The company has a current ratio of 2.16, a quick ratio of 2.05 and a debt-to-equity ratio of 0.08.

A.P. Moller-Maersk (OTCMKTS:AMKBY) last issued its quarterly earnings results on Thursday, November 6th. The transportation company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.20). The firm had revenue of $14.21 billion for the quarter, compared to analysts’ expectations of $13.44 billion. A.P. Moller-Maersk had a net margin of 8.83% and a return on equity of 8.51%. As a group, equities research analysts expect that A.P. Moller-Maersk will post 0.41 EPS for the current year.

About A.P. Moller-Maersk

A.P. Moller-Maersk A/S is a Danish integrated transport and logistics company headquartered in Copenhagen. Operating under the Maersk brand worldwide, the group provides container shipping and end-to-end logistics services, combining ocean freight with land-based transportation, contract logistics, warehousing, and supply chain management for global shippers and manufacturers.

The company’s core activities include container shipping operations, terminal services through APM Terminals, and a growing logistics and services business that offers freight forwarding, customs brokerage, inland transportation and warehousing.