ThyssenKrupp (OTCMKTS:TKAMY) Stock Rating Lowered by Kepler Capital Markets

ThyssenKrupp (OTCMKTS:TKAMY) was downgraded by analysts at Kepler Capital Markets from a “strong-buy” rating to a “hold” rating in a research report issued on Tuesday, Zacks reports.

Other analysts also recently issued research reports about the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of ThyssenKrupp in a report on Wednesday, July 22nd. Citigroup restated a “buy” rating on shares of ThyssenKrupp in a research report on Friday, August 21st. Finally, DZ Bank raised ThyssenKrupp from a “hold” rating to a “strong-buy” rating in a report on Friday, August 21st. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, ThyssenKrupp presently has an average rating of “Hold”.

ThyssenKrupp Trading Down 0.2%

OTCMKTS:TKAMY opened at $16.27 on Tuesday. The company has a current ratio of 1.66, a quick ratio of 0.99 and a debt-to-equity ratio of 0.05. The stock’s 50 day simple moving average is $14.26 and its 200-day simple moving average is $12.39. ThyssenKrupp has a 12-month low of $8.16 and a 12-month high of $17.38. The firm has a market cap of $10.13 billion, a P/E ratio of 30.12 and a beta of 1.40.

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.