KONE Oyj (OTCMKTS:KNYJY – Get Free Report) has received a consensus rating of “Hold” from the eight research firms that are currently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and two have issued a buy recommendation on the company.
Several equities analysts have commented on the stock. Bank of America lowered shares of KONE Oyj from a “buy” rating to a “neutral” rating in a research note on Wednesday, August 30th. Barclays began coverage on shares of KONE Oyj in a research note on Thursday, September 7th. They issued an “underweight” rating on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of KONE Oyj from a “sell” rating to a “hold” rating in a research report on Tuesday, October 3rd. Finally, Morgan Stanley upgraded shares of KONE Oyj from an “equal weight” rating to an “overweight” rating in a research report on Monday, October 2nd.
KONE Oyj Stock Up 1.4 %
KONE Oyj (OTCMKTS:KNYJY – Get Free Report) last issued its earnings results on Wednesday, October 25th. The company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.02. The firm had revenue of $2.99 billion for the quarter. KONE Oyj had a net margin of 8.39% and a return on equity of 38.60%. As a group, equities research analysts predict that KONE Oyj will post 0.99 earnings per share for the current fiscal year.
About KONE Oyj
KONE Oyj, together with its subsidiaries, engages in the elevator and escalator business worldwide. The company offers elevators, escalators, and automatic building doors. It also provides maintenance services; and modernization solutions. In addition, the company offers KONE Office Flow, a connected solution that allows for personalized user experiences and touch-free access; health and well-being solutions for elevators, escalators, and doors; KONE Access, an access control system, which is integrated with elevator system and building doors; KONE Destination, a destination control system that reduce waiting and travel times; KONE infotainment, a communication channel for building tenants and visitors; and monitoring solutions that enable real-time inspection of elevators and escalators.
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