Atlas Copco (OTCMKTS:ATLKY) Rating Lowered to Hold at Redburn Atlantic

Atlas Copco (OTCMKTS:ATLKY - Get Free Report) was downgraded by equities research analysts at Redburn Atlantic from a "strong-buy" rating to a "hold" rating in a report issued on Tuesday, April 15th,Zacks.com reports.

Atlas Copco Price Performance

Shares of Atlas Copco stock traded down $0.32 during trading on Tuesday, reaching $15.12. 782,580 shares of the stock traded hands, compared to its average volume of 431,161. The business has a fifty day simple moving average of $16.51 and a two-hundred day simple moving average of $16.48. Atlas Copco has a 52-week low of $13.41 and a 52-week high of $20.03. The company has a market capitalization of $73.71 billion, a price-to-earnings ratio of 26.07, a P/E/G ratio of 4.99 and a beta of 1.30. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.72 and a quick ratio of 1.20.

Atlas Copco (OTCMKTS:ATLKY - Get Free Report) last released its quarterly earnings results on Tuesday, January 28th. The industrial products company reported $0.15 earnings per share (EPS) for the quarter, beating 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%. Sell-side analysts expect that Atlas Copco will post 0.55 EPS 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.