A.P. Moller-Maersk (OTCMKTS:AMKBY) Upgraded at Zacks Research

A.P. Moller-Maersk (OTCMKTS:AMKBY) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a report released on Wednesday, Zacks reports.

Several other research firms have also issued reports on AMKBY. Nordea Equity Research upgraded A.P. Moller-Maersk from a “sell” rating to a “hold” rating in a research report on Friday, August 14th. Wolfe Research upgraded A.P. Moller-Maersk from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 8th. The Goldman Sachs Group raised A.P. Moller-Maersk from a “sell” rating to a “hold” rating in a research note on Friday, July 3rd. Fearnley Fonds upgraded shares of A.P. Moller-Maersk from a “hold” rating to a “strong-buy” rating in a report on Monday, September 21st. Finally, Morgan Stanley reaffirmed an “underweight” rating on shares of A.P. Moller-Maersk in a research note on Friday, September 4th. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.

A.P. Moller-Maersk Stock Performance

A.P. Moller-Maersk stock opened at $18.43 on Wednesday. The company has a quick ratio of 1.90, a current ratio of 2.03 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $58.34 billion, a PE ratio of 23.63 and a beta of 0.71. The firm has a fifty day simple moving average of $16.51 and a two-hundred day simple moving average of $13.81. A.P. Moller-Maersk has a twelve month low of $9.23 and a twelve month high of $18.52.

A.P. Moller-Maersk (OTCMKTS:AMKBY) last released its quarterly earnings data on Thursday, August 13th. The transportation company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.14 by $0.31. A.P. Moller-Maersk had a return on equity of 4.39% and a net margin of 4.08%.The firm had revenue of $15.76 billion for the quarter, compared to the consensus estimate of $14.07 billion. Research analysts expect that A.P. Moller-Maersk will post 2.52 EPS for the current year.

About A.P. Moller-Maersk

A.P. Moller-Maersk A/S is a Danish integrated logistics and transportation company headquartered in Copenhagen. Founded in 1904 by A.P. Møller, the company has developed from a shipping business into a global provider of end-to-end supply-chain services.

Maersk’s principal business is ocean transportation, connecting customers and markets through container shipping services. The company also operates port terminals and provides logistics services, including warehousing, customs support, inland transportation, air freight and supply-chain management.