Atlas Copco (OTCMKTS:ATLKY) Downgraded by Redburn Atlantic to “Hold”

Redburn Atlantic cut shares of Atlas Copco (OTCMKTS:ATLKY) from a strong-buy rating to a hold rating in a research note published on Tuesday,Zacks.com reports.

Atlas Copco Stock Performance

OTCMKTS:ATLKY opened at $15.44 on Tuesday. The company has a market capitalization of $75.27 billion, a PE ratio of 26.62, a P/E/G ratio of 4.99 and a beta of 1.30. Atlas Copco has a fifty-two week low of $13.41 and a fifty-two week high of $20.03. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.20 and a current ratio of 1.72. The company has a 50 day simple moving average of $16.58 and a two-hundred day simple moving average of $16.57.

Atlas Copco (OTCMKTS:ATLKY) last announced its earnings results on Tuesday, January 28th. The industrial products company reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.01. Atlas Copco had a net margin of 16.84% and a return on equity of 28.31%. Research analysts anticipate that Atlas Copco will post 0.55 earnings per share for the current year.

Atlas Copco Company Profile

Atlas Copco AB provides compressed air and gas, vacuum, energy, dewatering and industrial pump, industrial power tool, and assembly and machine vision solutions in North America, South America, Europe, Africa, the Middle East, Asia, and Oceania. It operates through Compressor Technique, Vacuum Technique, Industrial Technique, and Power Technique segments.