Rheinmetall (OTCMKTS:RNMBY) Stock Rating Upgraded by Zacks Research

Rheinmetall (OTCMKTS:RNMBY) was upgraded by research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Tuesday, Zacks reports.

Other analysts also recently issued reports about the company. Citigroup upgraded Rheinmetall from a “hold” rating to a “buy” rating in a research report on Monday, May 18th. Oddo Bhf raised Rheinmetall to an “outperform” rating in a research note on Monday, June 22nd. Santander upgraded shares of Rheinmetall to an “outperform” rating in a research report on Monday, May 4th. Finally, Royal Bank Of Canada began coverage on shares of Rheinmetall in a research note on Tuesday, August 11th. They issued a “moderate buy” rating on the stock. Nine investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, Rheinmetall currently has a consensus rating of “Moderate Buy”.

Rheinmetall Stock Performance

RNMBY opened at $253.10 on Tuesday. The stock has a market cap of $59.06 billion, a P/E ratio of 86.98 and a beta of 0.17. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.04 and a quick ratio of 0.54. The stock’s 50 day simple moving average is $251.34 and its 200 day simple moving average is $300.64. Rheinmetall has a 1-year low of $211.20 and a 1-year high of $468.90.

About Rheinmetall

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.