StockNews.com Upgrades Eastman Kodak (NYSE:KODK) to “Hold”

Eastman Kodak (NYSE:KODK) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued on Monday.

Eastman Kodak Trading Down 5.0 %

NYSE KODK opened at $5.02 on Monday. Eastman Kodak has a 12 month low of $3.17 and a 12 month high of $6.34. The company has a 50-day moving average of $4.32 and a 200-day moving average of $3.99. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.52 and a quick ratio of 1.75. The company has a market cap of $400.70 million, a P/E ratio of 7.84 and a beta of 3.48.

Eastman Kodak (NYSE:KODK) last posted its quarterly earnings data on Thursday, March 14th. The technology company reported $0.02 EPS for the quarter. Eastman Kodak had a net margin of 6.71% and a return on equity of 10.40%. The company had revenue of $275.00 million during the quarter.

Institutional Trading of Eastman Kodak

A number of institutional investors have recently modified their holdings of KODK. Advisor Group Holdings Inc. grew its holdings in shares of Eastman Kodak by 45.5% during the 1st quarter. Advisor Group Holdings Inc. now owns 37,568 shares of the technology company’s stock worth $246,000 after purchasing an additional 11,749 shares during the period. Swiss National Bank grew its holdings in shares of Eastman Kodak by 9.3% during the 1st quarter. Swiss National Bank now owns 92,900 shares of the technology company’s stock worth $608,000 after purchasing an additional 7,900 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of Eastman Kodak by 20.9% during the 1st quarter. JPMorgan Chase & Co. now owns 22,152 shares of the technology company’s stock worth $146,000 after purchasing an additional 3,822 shares during the period. PNC Financial Services Group Inc. grew its holdings in shares of Eastman Kodak by 471.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 8,000 shares of the technology company’s stock worth $52,000 after purchasing an additional 6,600 shares during the period. Finally, Bank of Montreal Can boosted its holdings in Eastman Kodak by 125.0% in the 1st quarter. Bank of Montreal Can now owns 27,000 shares of the technology company’s stock worth $185,000 after acquiring an additional 15,000 shares during the period. Hedge funds and other institutional investors own 33.65% of the company’s stock.

About Eastman Kodak

Eastman Kodak Company engages in the provision of hardware, software, consumables, and services to customers in the commercial print, packaging, publishing, manufacturing, and entertainment markets worldwide. The company operates through three segments: Print, Advanced Materials and Chemicals, and Brand.