ThyssenKrupp (OTCMKTS:TKAMY) Rating Increased to Strong-Buy at DZ Bank

ThyssenKrupp (OTCMKTS:TKAMY) was upgraded by equities researchers at DZ Bank from a “hold” rating to a “strong-buy” rating in a research note issued on Friday,Zacks.com reports.

Several other analysts have also recently issued reports on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of ThyssenKrupp in a report on Wednesday, July 22nd. Citigroup reissued a “buy” rating on shares of ThyssenKrupp in a report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, ThyssenKrupp has a consensus rating of “Hold”.

ThyssenKrupp Stock Performance

Shares of TKAMY opened at $15.57 on Friday. The firm has a market cap of $9.69 billion, a price-to-earnings ratio of 28.83 and a beta of 1.39. The company has a quick ratio of 0.99, a current ratio of 1.66 and a debt-to-equity ratio of 0.05. The business’s 50 day moving average is $13.61 and its two-hundred day moving average is $12.24. ThyssenKrupp has a 52-week low of $8.16 and a 52-week high of $17.02.

ThyssenKrupp Company Profile

ThyssenKrupp AG (OTCMKTS: TKAMY) is a diversified German industrial conglomerate headquartered in Essen and Düsseldorf. Formed in 1999 through the merger of Thyssen AG and Friedrich Krupp GmbH, the company operates across multiple segments, including steel production, materials distribution, industrial engineering, elevator technology and automotive components.

In its Materials Services division, ThyssenKrupp supplies processed and semi-finished steel products and high-performance materials to industries such as automotive, construction and machinery manufacturing.