Atlas Copco (ATLKY) Cut to Hold at Zacks Investment Research

Zacks Investment Research lowered shares of Atlas Copco (OTCMKTS:ATLKY) from a buy rating to a hold rating in a research report sent to investors on Thursday.

According to Zacks, “ATLAS COPCO is a world leading provider of industrial productivity solutions. The products and services range from compressed air and gas equipment, generators, construction and mining equipment, industrial tools and assembly systems, to related aftermarket and rental. In close cooperation with customers and business partners, and with 135 years of experience, Atlas Copco innovates for superior productivity. Headquartered in Stockholm, Sweden, the Group’s global reach spans more than 160 markets. “

Shares of Atlas Copco (ATLKY) opened at $47.10 on Thursday. Atlas Copco has a 52-week low of $30.78 and a 52-week high of $47.10. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.38 and a current ratio of 1.85. The stock has a market capitalization of $39,080.00, a P/E ratio of 33.17, a price-to-earnings-growth ratio of 1.92 and a beta of 0.98.

Atlas Copco (OTCMKTS:ATLKY) last issued its quarterly earnings data on Wednesday, October 18th. The industrial products company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.01. Atlas Copco had a return on equity of 30.57% and a net margin of 13.17%. The business had revenue of $3.50 billion for the quarter, compared to the consensus estimate of $3.50 billion. equities research analysts predict that Atlas Copco will post 1.75 EPS for the current year.

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