A.P. Moller-Maersk (OTCMKTS:AMKBY) Given Consensus Recommendation of “Reduce” by Brokerages

A.P. Moller-Maersk (OTCMKTS:AMKBY) has been assigned an average rating of “Reduce” from the thirteen research firms that are presently covering the stock, Marketbeat reports. Six research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and one has issued a strong buy recommendation on the company.

A number of brokerages recently commented on AMKBY. The Goldman Sachs Group raised shares of A.P. Moller-Maersk from a “sell” rating to a “hold” rating in a research note on Friday, July 3rd. Morgan Stanley reiterated an “underweight” rating on shares of A.P. Moller-Maersk in a report on Wednesday, June 24th. Citigroup restated a “neutral” rating on shares of A.P. Moller-Maersk in a research note on Thursday, June 25th. Finally, Fearnley Fonds raised A.P. Moller-Maersk from a “strong sell” rating to a “hold” rating in a research report on Thursday, June 11th.

A.P. Moller-Maersk Price Performance

Shares of AMKBY opened at $13.29 on Friday. The company has a 50 day moving average price of $12.60 and a 200-day moving average price of $12.37. A.P. Moller-Maersk has a fifty-two week low of $9.23 and a fifty-two week high of $14.32. The stock has a market capitalization of $42.09 billion, a PE ratio of 25.09 and a beta of 0.71. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.85 and a current ratio of 1.98.

A.P. Moller-Maersk Company Profile

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.