ThyssenKrupp (OTCMKTS:TKAMY) Rating Lowered to “Hold” at Kepler Capital Markets

ThyssenKrupp (OTCMKTS:TKAMY) was downgraded by equities researchers at Kepler Capital Markets from a “strong-buy” rating to a “hold” rating in a report issued on Tuesday, Zacks reports.

TKAMY has been the topic of several other reports. DZ Bank raised shares of ThyssenKrupp from a “hold” rating to a “strong-buy” rating in a report on Friday, August 21st. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of ThyssenKrupp in a report on Wednesday, July 22nd. Finally, Citigroup reaffirmed a “buy” rating on shares of ThyssenKrupp in a report on Friday, August 21st. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, ThyssenKrupp has an average rating of “Hold”.

ThyssenKrupp Trading Down 0.2%

ThyssenKrupp stock opened at $16.27 on Tuesday. The stock has a 50-day moving average price of $14.26 and a 200 day moving average price of $12.39. The company has a market capitalization of $10.13 billion, a price-to-earnings ratio of 30.12 and a beta of 1.40. ThyssenKrupp has a 52 week low of $8.16 and a 52 week high of $17.38. The company has a quick ratio of 0.99, a current ratio of 1.66 and a debt-to-equity ratio of 0.05.

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.