A.P. Moller-Maersk (OTCMKTS:AMKBY) Upgraded by Fearnley Fonds to “Hold” Rating

A.P. Moller-Maersk (OTCMKTS:AMKBY) was upgraded by Fearnley Fonds from a “strong sell” rating to a “hold” rating in a research note issued on Thursday,Zacks.com reports.

A number of other equities research analysts have also weighed in on the company. Morgan Stanley reaffirmed an “underweight” rating on shares of A.P. Moller-Maersk in a report on Friday, May 8th. Barclays raised A.P. Moller-Maersk from a “strong sell” rating to a “hold” rating in a report on Friday, March 6th. Finally, Citigroup reaffirmed a “neutral” rating on shares of A.P. Moller-Maersk in a report on Monday, May 18th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Hold rating and seven have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce”.

A.P. Moller-Maersk Price Performance

Shares of AMKBY opened at $14.20 on Thursday. A.P. Moller-Maersk has a twelve month low of $8.95 and a twelve month high of $14.32. The stock’s 50 day moving average is $12.14 and its two-hundred day moving average is $12.00. The firm has a market capitalization of $44.95 billion, a PE ratio of 26.79 and a beta of 0.71. The company has a current ratio of 1.98, a quick ratio of 1.85 and a debt-to-equity ratio of 0.09.

A.P. Moller-Maersk Company Profile

A.P. Moller-Maersk A/S is a Danish integrated transport and logistics company headquartered in Copenhagen. Operating under the Maersk brand worldwide, the group provides container shipping and end-to-end logistics services, combining ocean freight with land-based transportation, contract logistics, warehousing, and supply chain management for global shippers and manufacturers.

The company’s core activities include container shipping operations, terminal services through APM Terminals, and a growing logistics and services business that offers freight forwarding, customs brokerage, inland transportation and warehousing.