Atlas Copco AB (OTCMKTS:ATLKY) Receives Average Recommendation of “Hold” from Brokerages

Shares of Atlas Copco AB (OTCMKTS:ATLKY) have been assigned an average recommendation of “Hold” from the seven research firms that are covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and four have issued a buy recommendation on the company.

ATLKY has been the topic of a number of research reports. UBS Group downgraded Atlas Copco to a “sell” rating in a research note on Tuesday, October 28th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Atlas Copco in a research report on Friday, January 16th. Sanford C. Bernstein raised shares of Atlas Copco from a “hold” rating to an “outperform” rating in a research report on Wednesday, January 7th. Citigroup restated a “buy” rating on shares of Atlas Copco in a report on Thursday. Finally, Barclays upgraded shares of Atlas Copco from a “hold” rating to an “overweight” rating in a report on Wednesday, December 3rd.

Atlas Copco Price Performance

Shares of OTCMKTS:ATLKY opened at $21.29 on Thursday. The firm has a market cap of $103.79 billion, a price-to-earnings ratio of 38.02, a P/E/G ratio of 10.05 and a beta of 1.40. Atlas Copco has a 1 year low of $13.41 and a 1 year high of $21.43. The business has a fifty day simple moving average of $18.21 and a 200 day simple moving average of $17.15. The company has a current ratio of 1.52, a quick ratio of 1.09 and a debt-to-equity ratio of 0.27.

Atlas Copco (OTCMKTS:ATLKY) last posted its quarterly earnings results on Thursday, October 23rd. The industrial products company reported $0.14 earnings per share for the quarter, meeting the consensus estimate of $0.14. Atlas Copco had a net margin of 16.08% and a return on equity of 25.42%. The firm had revenue of $4.43 billion during the quarter, compared to the consensus estimate of $4.42 billion. As a group, sell-side analysts predict that Atlas Copco will post 0.55 earnings per share for the current fiscal year.

About Atlas Copco

Atlas Copco is a Sweden-based industrial group that develops, manufactures and services equipment and solutions for professional customers in a broad range of industries. The company’s core activities center on compressed air and gas systems, vacuum solutions, construction and mining equipment, industrial tools and assembly systems, and power and flow equipment. Products and services span new-equipment sales, aftermarket parts, maintenance and technical support aimed at improving productivity, energy efficiency and safety for industrial operations.

Key product categories include stationary and portable air compressors, air treatment and gas generation systems, industrial vacuum pumps, generators and light towers, drilling rigs and rock excavation equipment for mining and construction, as well as electric and pneumatic tools and automated assembly systems for manufacturing.