Kone Oyj (OTCMKTS:KNYJY) Raised to “Strong Sell” at BNP Paribas Exane

Kone Oyj (OTCMKTS:KNYJY) was upgraded by BNP Paribas Exane to a “strong sell” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

Several other research analysts have also commented on the stock. Royal Bank Of Canada upgraded shares of Kone Oyj from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 13th. Sanford C. Bernstein upgraded shares of Kone Oyj to a “strong-buy” rating in a report on Friday, December 5th. Citigroup cut Kone Oyj from a “buy” rating to a “neutral” rating in a research report on Monday, January 26th. Finally, Barclays reissued an “underweight” rating on shares of Kone Oyj in a research report on Wednesday, December 3rd. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

Kone Oyj Trading Down 0.7%

KNYJY traded down $0.23 during midday trading on Tuesday, reaching $34.94. 41,699 shares of the company’s stock traded hands, compared to its average volume of 49,747. Kone Oyj has a 52 week low of $25.42 and a 52 week high of $38.29. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.08 and a quick ratio of 0.92. The firm has a fifty day moving average of $36.31 and a two-hundred day moving average of $34.38. The stock has a market capitalization of $31.67 billion, a price-to-earnings ratio of 32.65, a P/E/G ratio of 2.61 and a beta of 0.64.

Kone Oyj (OTCMKTS:KNYJY) last issued its quarterly earnings data on Friday, February 6th. The company reported $0.30 earnings per share for the quarter. Kone Oyj had a return on equity of 40.59% and a net margin of 8.76%.The firm had revenue of $3.45 billion for the quarter. On average, equities analysts anticipate that Kone Oyj will post 1.06 earnings per share for the current fiscal year.

About Kone Oyj

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.