Atlas Copco AB (ATLKY) Lowered to Hold at Zacks Investment Research

Atlas Copco AB (NASDAQ:ATLKY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Tuesday.

According to Zacks, “ATLAS COPCO is a world leading provider of industrial productivity solutions. The products and services range from compressed air and gas equipment, generators, construction and mining equipment, industrial tools and assembly systems, to related aftermarket and rental. In close cooperation with customers and business partners, and with 135 years of experience, Atlas Copco innovates for superior productivity. Headquartered in Stockholm, Sweden, the Group’s global reach spans more than 160 markets. “

Atlas Copco AB (NASDAQ:ATLKY) traded up 0.34% during mid-day trading on Tuesday, hitting $41.45. 43,370 shares of the company’s stock were exchanged. The stock’s 50 day moving average price is $38.10 and its 200-day moving average price is $37.03. The stock has a market cap of $50.32 billion and a PE ratio of 29.07. Atlas Copco AB has a 12 month low of $28.13 and a 12 month high of $41.46.

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