Aggreko (OTCMKTS:ARGKF) Downgraded by Zacks Investment Research

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Zacks Investment Research cut shares of Aggreko (OTCMKTS:ARGKF) from a hold rating to a sell rating in a research note issued to investors on Monday, Zacks.com reports.

According to Zacks, “Aggreko plc provides rental solutions to energy sector primarily of power generation and temperature control equipments. Its power generation rental solutions include generators, gas generators, transformers, load banks, fuel tanks, and electrical distribution equipment, as well as power accessories. Temperature control equipments include: chillers, cooling towers, air conditioners, spot coolers, air handlers, heaters, heat exchangers, and temperature accessories. The Company also provides dehumidifiers; and oil-free air solutions, including air compressor, air dryer, after coolers, and air accessories, as well as offers risk management solutions. Cooling equipments include supplemental cooling, thermal discharge cooling, cooling tower repair, contingency plan, emergency cooling, and cooling tower accessories. The Company also offers event services and process services. Aggreko plc is headquartered in Glasgow, the United Kingdom. “

Separately, ValuEngine lowered Aggreko from a hold rating to a sell rating in a research report on Tuesday, August 6th. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the stock. The company presently has an average rating of Hold and an average price target of $12.00.

Shares of OTCMKTS ARGKF opened at $9.30 on Monday. The firm has a market cap of $2.38 billion, a price-to-earnings ratio of 14.09, a PEG ratio of 1.86 and a beta of 1.09. The company has a quick ratio of 1.58, a current ratio of 1.99 and a debt-to-equity ratio of 0.46. Aggreko has a 52-week low of $8.55 and a 52-week high of $11.51. The business’s 50 day moving average is $9.81 and its two-hundred day moving average is $10.11.

About Aggreko

Aggreko Plc supplies modular, mobile power, heating, cooling, and related services worldwide. The company operates in three segments: Rental Solutions, Power Solutions Industrial, and Power Solutions Utility. It offers power generation products, including diesel generators, G3+ generators, and gas generators, as well as Solar-diesel hybrid power plants; cooling systems, such as cooling towers, chillers, heat exchangers, and air handlers and conditioners; and desiccant and refrigerated dehumidifiers to prevent metal corrosion, aid processes, preserve equipment on cold stacked offshore rigs, reduce mold and mildew growth during production processes, and dry out water-damaged buildings, as well as to reduce drying times for concrete, insulation, and fireproofing.

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