Kone Oyj (OTCMKTS:KNYJY) Upgraded to Hold at Zacks Research

Kone Oyj (OTCMKTS:KNYJY) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued on Monday, Zacks reports.

Separately, Kepler Capital Markets upgraded Kone Oyj from a “hold” rating to a “buy” rating in a research report on Tuesday, June 23rd. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, four have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold”.

Kone Oyj Stock Up 3.3%

Shares of KNYJY opened at $30.00 on Monday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.83 and a current ratio of 0.99. The company has a 50-day simple moving average of $29.07 and a 200-day simple moving average of $30.10. Kone Oyj has a 52 week low of $26.52 and a 52 week high of $38.29. The firm has a market capitalization of $27.19 billion, a P/E ratio of 28.30, a P/E/G ratio of 1.71 and a beta of 0.65.

Kone Oyj (OTCMKTS:KNYJY) last released its earnings results on Wednesday, July 22nd. The company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.05). Kone Oyj had a return on equity of 38.87% and a net margin of 8.33%.The firm had revenue of $3.36 billion for the quarter, compared to analyst estimates of $3.38 billion. On average, equities research analysts expect that Kone Oyj will post 1.2 earnings per share for the current year.

About Kone Oyj

Kone Oyj is a Finland-based company that develops, manufactures, sells and services elevators, escalators and automatic building doors. Its solutions are used in residential, commercial and public buildings to support the movement of people and goods, and include equipment, control systems, access solutions and related digital services.

The company also provides maintenance, modernization and replacement services for its own equipment and products from other manufacturers. These services are intended to improve the safety, reliability, energy efficiency and performance of elevators, escalators and building-access systems throughout their operating lives.

Founded in 1910, Kone has grown into an international provider serving customers across Europe, Asia-Pacific, the Middle East, Africa and the Americas.