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

Atlas Copco AB (OTCMKTS:ATLKY) has been given an average rating of “Hold” by the seven ratings firms that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company.

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

Atlas Copco Stock Up 0.2%

ATLKY stock opened at $21.33 on Thursday. The company has a 50 day moving average of $18.31 and a two-hundred day moving average of $17.18. The company has a market cap of $103.99 billion, a price-to-earnings ratio of 38.09, a PEG ratio of 10.05 and a beta of 1.40. Atlas Copco has a 12-month low of $13.41 and a 12-month high of $21.46. The company has a quick ratio of 1.09, a current ratio of 1.52 and a debt-to-equity ratio of 0.27.

Atlas Copco Company Profile

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.