A.P. Moller-Maersk (OTCMKTS:AMKBY) Receives Average Recommendation of “Reduce” from Brokerages

Shares of A.P. Moller-Maersk (OTCMKTS:AMKBY – Get Free Report) have earned a consensus recommendation of “Reduce” from the twelve brokerages that are currently covering the stock, MarketBeat Ratings reports. Seven research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and one has given a strong buy recommendation to the company.

AMKBY has been the subject of several analyst reports. Barclays raised A.P. Moller-Maersk from a “strong sell” rating to a “hold” rating in a report on Friday, March 6th. Citigroup restated a “neutral” rating on shares of A.P. Moller-Maersk in a research report on Monday, February 9th. Morgan Stanley restated an “underweight” rating on shares of A.P. Moller-Maersk in a research report on Friday, May 8th. Kepler Capital Markets upgraded A.P. Moller-Maersk from a “reduce” rating to a “hold” rating in a research report on Friday, February 6th. Finally, Bank of America lowered A.P. Moller-Maersk from a “neutral” rating to an “underperform” rating in a research report on Friday, January 23rd.

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A.P. Moller-Maersk Stock Performance

Shares of OTCMKTS AMKBY opened at $11.45 on Friday. A.P. Moller-Maersk has a 12 month low of $8.84 and a 12 month high of $14.32. The company has a market cap of $36.25 billion, a price-to-earnings ratio of 21.60 and a beta of 0.70. The company has a quick ratio of 2.02, a current ratio of 2.12 and a debt-to-equity ratio of 0.08. The business has a fifty day simple moving average of $12.36 and a 200-day simple moving average of $11.64.

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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