KONE Oyj (OTCMKTS:KNYJY) Receives Consensus Recommendation of “Hold” from Analysts

KONE Oyj (OTCMKTS:KNYJYGet 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.

Check Out Our Latest Research Report on KONE Oyj

KONE Oyj Stock Up 1.4 %

Shares of OTCMKTS:KNYJY opened at $22.81 on Thursday. The firm’s 50 day moving average price is $21.37 and its 200 day moving average price is $24.05. The stock has a market cap of $24.15 billion, a price-to-earnings ratio of 24.01, a price-to-earnings-growth ratio of 2.46 and a beta of 0.73. KONE Oyj has a fifty-two week low of $19.97 and a fifty-two week high of $29.19. The company has a quick ratio of 0.89, a current ratio of 1.05 and a debt-to-equity ratio of 0.19.

KONE Oyj (OTCMKTS:KNYJYGet 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

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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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Analyst Recommendations for KONE Oyj (OTCMKTS:KNYJY)

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