A.P. Moller-Maersk (OTCMKTS:AMKBY) Shares Gap Up Following Analyst Upgrade

A.P. Moller-Maersk (OTCMKTS:AMKBY – Get Free Report)’s share price gapped up prior to trading on Thursday after Fearnley Fonds upgraded the stock from a strong sell rating to a hold rating. The stock had previously closed at $13.33, but opened at $14.06. A.P. Moller-Maersk shares last traded at $14.22, with a volume of 17,610 shares changing hands.

A number of other equities research analysts have also recently commented on the company. Morgan Stanley reiterated an “underweight” rating on shares of A.P. Moller-Maersk in a research note on Friday, May 8th. Barclays upgraded A.P. Moller-Maersk from a “strong sell” rating to a “hold” rating in a research note on Friday, March 6th. Finally, Citigroup reiterated a “neutral” rating on shares of A.P. Moller-Maersk in a research note on Monday, May 18th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Hold rating and seven have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Reduce”.

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A.P. Moller-Maersk Stock Performance

The stock has a market capitalization of $43.29 billion, a PE ratio of 25.80 and a beta of 0.71. The firm has a 50 day moving average price of $12.16 and a 200-day moving average price of $12.01. The company has a quick ratio of 1.85, a current ratio of 1.98 and a debt-to-equity ratio of 0.09.

About A.P. Moller-Maersk

(Get Free Report)

A.P. Moller-Maersk A/S is a Danish integrated transport and logistics company headquartered in Copenhagen. Operating under the Maersk brand worldwide, the group provides container shipping and end-to-end logistics services, combining ocean freight with land-based transportation, contract logistics, warehousing, and supply chain management for global shippers and manufacturers.

The company’s core activities include container shipping operations, terminal services through APM Terminals, and a growing logistics and services business that offers freight forwarding, customs brokerage, inland transportation and warehousing.

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