Zacks Investment Research Downgrades Atlas Copco (ATLKY) to Hold

Zacks Investment Research lowered shares of Atlas Copco (OTCMKTS:ATLKY) from a buy rating to a hold rating in a report issued on Thursday morning.

According to Zacks, “ATLAS COPCO is a world leading provider of industrial productivity solutions. The products and services range from compressed air and gas equipment, generators, construction and mining equipment, industrial tools and assembly systems, to related aftermarket and rental. In close cooperation with customers and business partners, and with 135 years of experience, Atlas Copco innovates for superior productivity. Headquartered in Stockholm, Sweden, the Group’s global reach spans more than 160 markets. “

Shares of Atlas Copco (OTCMKTS ATLKY) traded up $0.54 during midday trading on Thursday, hitting $47.10. The stock had a trading volume of 54,677 shares, compared to its average volume of 38,611. Atlas Copco has a 1 year low of $30.78 and a 1 year high of $46.58. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.85 and a quick ratio of 1.38. The stock has a market cap of $38,570.00, a PE ratio of 32.79, a PEG ratio of 1.88 and a beta of 0.98.

Atlas Copco (OTCMKTS:ATLKY) last issued its quarterly earnings results on Wednesday, October 18th. The industrial products company reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.01. Atlas Copco had a return on equity of 30.57% and a net margin of 13.17%. The firm had revenue of $3.50 billion for the quarter, compared to analysts’ expectations of $3.50 billion. research analysts forecast that Atlas Copco will post 1.75 earnings per share for the current fiscal year.

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