Kone Oyj Unsponsored ADR (OTCMKTS:KNYJY) Receives Average Recommendation of “Hold” from Brokerages

Shares of Kone Oyj Unsponsored ADR (OTCMKTS:KNYJY) have earned an average rating of “Hold” from the six brokerages that are presently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and one has issued a strong buy recommendation on the company.

Several equities research analysts have weighed in on the stock. BNP Paribas Exane raised shares of Kone Oyj to a “strong sell” rating in a research note on Tuesday, March 3rd. Evercore raised shares of Kone Oyj to a “hold” rating in a research note on Monday, April 13th. Finally, Citigroup downgraded shares of Kone Oyj from a “buy” rating to a “neutral” rating in a research note on Monday, January 26th.

Kone Oyj Price Performance

Shares of OTCMKTS KNYJY opened at $29.88 on Tuesday. Kone Oyj has a twelve month low of $29.12 and a twelve month high of $38.29. The firm has a fifty day simple moving average of $32.15 and a 200 day simple moving average of $34.19. The company has a market capitalization of $27.08 billion, a PE ratio of 27.41, a P/E/G ratio of 1.57 and a beta of 0.66. The company has a quick ratio of 0.92, a current ratio of 1.08 and a debt-to-equity ratio of 0.18.

Kone Oyj (OTCMKTS:KNYJY) last announced its earnings results on Wednesday, April 29th. The company reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.01). Kone Oyj had a return on equity of 39.08% and a net margin of 8.71%.The firm had revenue of $3.12 billion for the quarter, compared to the consensus estimate of $2.66 billion. On average, sell-side analysts forecast that Kone Oyj will post 1.29 EPS for the current year.

Kone Oyj Company Profile

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.