Kone Oyj Unsponsored ADR (OTCMKTS:KNYJY) Stock Rated "Hold" by Sell-Side Brokerages

Key Points

• Kone Oyj has a consensus “Hold” rating from eight covering research firms: two recommend selling, four advise holding, one recommends buying and one gives a strong-buy rating.
• Recent analyst sentiment improved, with Zacks Research upgrading the stock from “strong sell” to “hold” and Kepler Capital Markets raising its rating from “hold” to “buy.”
• Kone reported quarterly EPS of $0.27, missing the $0.32 consensus estimate, while revenue of $3.36 billion was slightly below expectations. Shares opened at $30.58, within a 12-month range of $26.52 to $38.29.

Kone Oyj Unsponsored ADR (OTCMKTS:KNYJY - Get Free Report) has been given a consensus rating of "Hold" by the eight research firms that are currently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation, one has given a buy recommendation and one has issued a strong buy recommendation on the company.

Several research analysts have weighed in on the company. Zacks Research upgraded Kone Oyj from a "strong sell" rating to a "hold" rating in a report on Monday, September 21st. Kepler Capital Markets raised Kone Oyj from a "hold" rating to a "buy" rating in a research report on Tuesday, June 23rd.

Kone Oyj Stock Performance

Shares of OTCMKTS KNYJY opened at $30.58 on Friday. The company has a market cap of $27.72 billion, a PE ratio of 28.85, a price-to-earnings-growth ratio of 1.94 and a beta of 0.59. Kone Oyj has a 12 month low of $26.52 and a 12 month high of $38.29. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.99 and a quick ratio of 0.83. The company has a 50-day simple moving average of $29.43 and a 200-day simple moving average of $29.73.

Kone Oyj (OTCMKTS:KNYJY - Get Free Report) last announced its quarterly earnings data on Wednesday, July 22nd. The company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.05). Kone Oyj had a net margin of 8.33% and a return on equity of 38.87%. The firm had revenue of $3.36 billion for the quarter, compared to analysts' expectations of $3.38 billion. On average, equities analysts anticipate that Kone Oyj will post 1.19 earnings per share for the current year.

About Kone Oyj

KONE Oyj is a Finland-based company that develops, manufactures, sells, installs and services elevators, escalators and automatic building doors. Its solutions are used in residential, commercial and public buildings to support the movement of people and goods, improve accessibility and enhance building flow.

The company provides equipment for new construction as well as maintenance, modernization and replacement services for existing installations. Its offerings include digital systems and connected services designed to support equipment monitoring, predictive maintenance and improved passenger experiences.

Founded in 1910 and headquartered in Espoo, Finland, KONE serves customers across Europe, the Middle East and Africa, the Americas and the Asia-Pacific region.

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