ThyssenKrupp (OTCMKTS:TKAMY) Downgraded to “Hold” Rating by Kepler Capital Markets

Kepler Capital Markets lowered shares of ThyssenKrupp (OTCMKTS:TKAMY) from a strong-buy rating to a hold rating in a research note published on Tuesday morning,Zacks reports.

A number of other equities analysts also recently commented on TKAMY. DZ Bank raised ThyssenKrupp from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 21st. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of ThyssenKrupp in a report on Wednesday, July 22nd. Finally, Citigroup reiterated a “buy” rating on shares of ThyssenKrupp in a research note on Friday, August 21st. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold”.

ThyssenKrupp Trading Down 0.2%

OTCMKTS:TKAMY opened at $16.27 on Tuesday. ThyssenKrupp has a 12-month low of $8.16 and a 12-month high of $17.38. The firm has a market cap of $10.13 billion, a PE ratio of 30.12 and a beta of 1.40. The company has a current ratio of 1.66, a quick ratio of 0.99 and a debt-to-equity ratio of 0.05. The stock has a fifty day moving average price of $14.26 and a 200 day moving average price of $12.39.

About ThyssenKrupp

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.