Kone Oyj (OTCMKTS:KNYJY) Stock Rating Upgraded by BNP Paribas Exane

Key Points

• BNP Paribas Exane moved Kone Oyj (OTCMKTS:KNYJY) to a "strong sell" rating, but analysts remain mixed (one Strong Buy, three Holds, two Sells) and MarketBeat's consensus rating is still Hold.
• Shares opened at $35.17 with a market cap of $31.88 billion and a PE of 32.87; Kone reported $0.30 EPS on $3.45 billion revenue last quarter, a net margin of 8.76%, and analysts expect about 1.06 EPS for the year.

Kone Oyj (OTCMKTS:KNYJY - Get Free Report) was upgraded by BNP Paribas Exane to a "strong sell" rating in a note issued to investors on Tuesday,Zacks.com reports.

A number of other equities research analysts have also weighed in on the stock. Barclays reissued an "underweight" rating on shares of Kone Oyj in a report on Wednesday, December 3rd. Citigroup lowered Kone Oyj from a "buy" rating to a "neutral" rating in a research note on Monday, January 26th. Sanford C. Bernstein raised Kone Oyj to a "strong-buy" rating in a report on Friday, December 5th. Finally, Royal Bank Of Canada raised Kone Oyj from a "strong sell" rating to a "hold" rating in a report on Tuesday, January 13th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold".

Kone Oyj Stock Performance

Shares of OTCMKTS:KNYJY opened at $35.17 on Tuesday. The firm's 50 day simple moving average is $36.31 and its 200-day simple moving average is $34.38. The firm has a market cap of $31.88 billion, a PE ratio of 32.87, a price-to-earnings-growth ratio of 2.61 and a beta of 0.64. Kone Oyj has a one year low of $25.42 and a one year high of $38.29. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.92 and a current ratio of 1.08.

Kone Oyj (OTCMKTS:KNYJY - Get Free Report) last released its quarterly earnings data on Friday, February 6th. The company reported $0.30 earnings per share (EPS) for the quarter. The firm had revenue of $3.45 billion for the quarter. Kone Oyj had a net margin of 8.76% and a return on equity of 40.59%. As a group, equities analysts predict that Kone Oyj will post 1.06 EPS for the current year.

About Kone Oyj

Kone Oyj is a Finland-based company that designs, manufactures and services elevators, escalators and automatic building doors. Founded in 1910 and headquartered in Espoo, Kone has grown into a global provider of people-flow solutions, supplying new equipment as well as modernization and maintenance services for a wide range of buildings, including residential, commercial, healthcare, retail and transportation facilities.

The company's core activities include the engineering and installation of elevator and escalator systems, ongoing maintenance programs to ensure safety and uptime, and modernization of aging equipment to improve performance and energy efficiency.

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