ThyssenKrupp (OTCMKTS:TKAMY) Stock Rating Upgraded by DZ Bank

Key Points

• ThyssenKrupp has been upgraded from a "strong sell" to a "hold" rating by DZ Bank analysts, reflecting improved investor sentiment.
• The company's latest earnings results showed an EPS of $0.28, surpassing estimates, with revenues of $9.73 billion during the quarter.
• ThyssenKrupp's stock is currently trading at $13.40, with a significant one-year range between $3.35 and $13.72.

DZ Bank upgraded shares of ThyssenKrupp (OTCMKTS:TKAMY - Free Report) from a strong sell rating to a hold rating in a research note published on Tuesday morning,Zacks.com reports.

ThyssenKrupp Price Performance

TKAMY traded down $0.18 during trading on Tuesday, hitting $13.67. 25,019 shares of the stock traded hands, compared to its average volume of 54,535. The business has a 50 day moving average price of $11.66 and a 200 day moving average price of $10.82. The company has a market cap of $8.51 billion, a price-to-earnings ratio of -9.63 and a beta of 1.32. ThyssenKrupp has a twelve month low of $3.44 and a twelve month high of $13.94. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.73 and a quick ratio of 1.09.

ThyssenKrupp (OTCMKTS:TKAMY - Get Free Report) last posted its earnings results on Wednesday, August 13th. The company reported $0.28 earnings per share for the quarter, topping analysts' consensus estimates of $0.23 by $0.05. ThyssenKrupp had a negative net margin of 2.40% and a negative return on equity of 7.90%. The firm had revenue of $9.73 billion for the quarter, compared to analysts' expectations of $8.62 billion.

ThyssenKrupp Company Profile

thyssenkrupp AG operates as an industrial and technology company in Germany and internationally. It operates through five segments: Automotive Technology, Decarbon Technologies, Materials Services, Steel Europe, and Marine Systems. The Automotive Technology segment offers components, systems, and automation solutions for vehicle manufacturing, such as axle assembly, body in white, camshafts and electric engine components, dampers, dies, springs and stabilizers, crankshafts and conrods, steering, and undercarriages.