Kone Oyj (OTCMKTS:KNYJY) Upgraded by Zacks Research to Hold Rating

Zacks Research upgraded shares of Kone Oyj (OTCMKTS:KNYJY) from a strong sell rating to a hold rating in a research note issued to investors on Monday,Zacks reports.

Separately, Kepler Capital Markets upgraded shares of Kone Oyj from a “hold” rating to a “buy” rating in a research note on Tuesday, June 23rd. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

Kone Oyj Stock Performance

Kone Oyj stock opened at $30.00 on Monday. Kone Oyj has a 52 week low of $26.52 and a 52 week high of $38.29. The company has a current ratio of 0.99, a quick ratio of 0.83 and a debt-to-equity ratio of 0.23. The stock has a market cap of $27.19 billion, a P/E ratio of 28.30, a price-to-earnings-growth ratio of 1.71 and a beta of 0.65. The stock has a 50 day moving average of $29.07 and a 200-day moving average of $30.10.

Kone Oyj (OTCMKTS:KNYJY) last posted its quarterly earnings results 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 company had revenue of $3.36 billion during the quarter, compared to analyst estimates of $3.38 billion. On average, analysts expect that Kone Oyj will post 1.2 EPS for the current fiscal year.

Kone Oyj Company Profile

Kone Oyj is a Finland-based company that develops, manufactures, sells 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, and include equipment, control systems, access solutions and related digital services.

The company also provides maintenance, modernization and replacement services for its own equipment and products from other manufacturers. These services are intended to improve the safety, reliability, energy efficiency and performance of elevators, escalators and building-access systems throughout their operating lives.

Founded in 1910, Kone has grown into an international provider serving customers across Europe, Asia-Pacific, the Middle East, Africa and the Americas.