Kone Oyj (OTCMKTS:KNYJY) Raised to “Hold” at Zacks Research

Kone Oyj (OTCMKTS:KNYJY) was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued on Monday, Zacks reports.

Separately, Kepler Capital Markets raised Kone Oyj from a “hold” rating to a “buy” rating in a research note on Tuesday, June 23rd. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, four have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Kone Oyj has a consensus rating of “Hold”.

Kone Oyj Stock Up 3.3%

Kone Oyj stock opened at $30.00 on Monday. The company has a quick ratio of 0.83, a current ratio of 0.99 and a debt-to-equity ratio of 0.23. Kone Oyj has a 12-month low of $26.52 and a 12-month high of $38.29. The firm’s fifty day moving average is $29.07 and its 200 day moving average is $30.10. The company has a market capitalization of $27.19 billion, a PE ratio of 28.30, a PEG ratio of 1.71 and a beta of 0.65.

Kone Oyj (OTCMKTS:KNYJY) last posted its quarterly earnings results on Wednesday, July 22nd. The company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.05). The company had revenue of $3.36 billion during the quarter, compared to the consensus estimate of $3.38 billion. Kone Oyj had a net margin of 8.33% and a return on equity of 38.87%. As a group, sell-side analysts predict that Kone Oyj will post 1.2 EPS for the current fiscal year.

About Kone Oyj

Kone Oyj is a Finland-based company that develops, manufactures, sells and services elevators, escalators and automatic building doors. Its solutions are used in residential, commercial and public buildings to support the movement of people and goods, and include equipment, control systems, access solutions and related digital services.

The company also provides maintenance, modernization and replacement services for its own equipment and products from other manufacturers. These services are intended to improve the safety, reliability, energy efficiency and performance of elevators, escalators and building-access systems throughout their operating lives.

Founded in 1910, Kone has grown into an international provider serving customers across Europe, Asia-Pacific, the Middle East, Africa and the Americas.