A.P. Moller-Maersk (OTCMKTS:AMKBY) Receives Consensus Recommendation of “Reduce” from Brokerages

A.P. Moller-Maersk (OTCMKTS:AMKBY) has been given a consensus rating of “Reduce” by the thirteen brokerages that are covering the stock, MarketBeat reports. Six analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and one has issued a strong buy recommendation on the company.

Several brokerages have commented on AMKBY. Fearnley Fonds raised shares of A.P. Moller-Maersk from a “strong sell” rating to a “hold” rating in a research note on Thursday, June 11th. Citigroup reissued a “neutral” rating on shares of A.P. Moller-Maersk in a report on Thursday, June 25th. The Goldman Sachs Group upgraded shares of A.P. Moller-Maersk from a “sell” rating to a “neutral” rating in a research report on Friday. Finally, Morgan Stanley reaffirmed an “underweight” rating on shares of A.P. Moller-Maersk in a research note on Wednesday, June 24th.

A.P. Moller-Maersk Stock Performance

A.P. Moller-Maersk stock opened at $12.45 on Monday. The stock has a 50-day simple moving average of $12.15 and a 200 day simple moving average of $12.21. The company has a quick ratio of 1.85, a current ratio of 1.98 and a debt-to-equity ratio of 0.09. A.P. Moller-Maersk has a 12-month low of $9.23 and a 12-month high of $14.32. The stock has a market capitalization of $39.41 billion, a price-to-earnings ratio of 23.49 and a beta of 0.71.

About A.P. Moller-Maersk

A.P. Moller-Maersk A/S is a Danish integrated transport and logistics company headquartered in Copenhagen. Operating under the Maersk brand worldwide, the group provides container shipping and end-to-end logistics services, combining ocean freight with land-based transportation, contract logistics, warehousing, and supply chain management for global shippers and manufacturers.

The company’s core activities include container shipping operations, terminal services through APM Terminals, and a growing logistics and services business that offers freight forwarding, customs brokerage, inland transportation and warehousing.