THYSSENKRUPP AG/S (TKAMY) Upgraded by Zacks Investment Research to “Buy”
Zacks Investment Research upgraded shares of THYSSENKRUPP AG/S (OTCMKTS:TKAMY) from a strong sell rating to a buy rating in a report released on Thursday morning. They currently have $20.00 price objective on the stock.
According to Zacks, “ThyssenKrupp AG engages in the production of steel. It operates through the following business areas Components Technology, Elevator Technology, Industrial Solutions, Materials Services, Steel Europe and Steel Americas. Components Technology business area offers components for the automotive, construction and engineering sectors. Elevator Technology business area constructs and modernizes elevators, escalators, moving walks, stair and platform lifts, and passenger boarding bridges. Industrial Solutions business area is an international supplier in special and large-scale plant construction as well as naval shipbuilding. Materials Services business area distributes materials and provides complex technical services for the production and manufacturing sectors. Steel Europe business area involves in the flat carbon steel activities. Steel America business area produces, processes, and markets steel products in North and South America. ThyssenKrupp AG is headquartered in Essen, Germany. “
Separately, ValuEngine downgraded shares of THYSSENKRUPP AG/S from a hold rating to a sell rating in a research note on Wednesday, January 2nd.
The firm also recently announced an annual dividend, which will be paid on Wednesday, February 13th. Investors of record on Tuesday, February 5th will be issued a dividend of $0.108 per share. The ex-dividend date is Monday, February 4th. This represents a dividend yield of 0.61%. THYSSENKRUPP AG/S’s dividend payout ratio (DPR) is presently 29.27%.
About THYSSENKRUPP AG/S
thyssenkrupp AG operates in the areas of components technology, elevator technology, industrial solutions, and materials services in Germany, the United States, and China. The company's Components Technology segment provides various components for automotive, construction, and engineering sectors, as well as for wind turbines.
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