Zacks Research Upgrades Rheinmetall (OTCMKTS:RNMBY) to “Hold”

Rheinmetall (OTCMKTS:RNMBY) was upgraded by research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report released on Monday,Zacks.com reports.

A number of other brokerages have also issued reports on RNMBY. Santander raised Rheinmetall to an “outperform” rating in a research note on Monday, May 4th. Jefferies Financial Group reissued a “buy” rating on shares of Rheinmetall in a research note on Monday, April 20th. Finally, Citigroup raised Rheinmetall from a “hold” rating to a “buy” rating in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy”.

Rheinmetall Price Performance

OTCMKTS:RNMBY opened at $279.68 on Monday. Rheinmetall has a 1 year low of $259.76 and a 1 year high of $468.90. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.20 and a quick ratio of 0.68. The firm has a market capitalization of $64.94 billion, a price-to-earnings ratio of 131.31 and a beta of 0.16. The business has a 50 day simple moving average of $334.17 and a 200-day simple moving average of $370.50.

Rheinmetall Company Profile

Rheinmetall AG is a Germany-based technology group specializing in defense and automotive solutions. Established in 1889 and headquartered in Düsseldorf, the company operates through two core divisions: Defense and Mobility (formerly Automotive). With a long heritage in engineering and manufacturing, Rheinmetall has evolved into a leading supplier of military vehicles, weapons systems and civilian mobility components, serving customers worldwide.

The Defense division develops and produces a broad portfolio of products and services for armed forces.