A.P. Moller-Maersk (OTCMKTS:AMKBY) Stock Rating Lowered by Bank of America

A.P. Moller-Maersk (OTCMKTS:AMKBY) was downgraded by Bank of America from a “neutral” rating to an “underperform” rating in a research note issued to investors on Friday, Marketbeat.com reports.

Other analysts have also issued reports about the stock. Hsbc Global Res upgraded shares of A.P. Moller-Maersk to a “strong-buy” rating in a research report on Monday, September 29th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of A.P. Moller-Maersk in a research report on Wednesday, December 17th. Citigroup restated a “neutral” rating on shares of A.P. Moller-Maersk in a research note on Thursday, November 13th. The Goldman Sachs Group downgraded shares of A.P. Moller-Maersk from a “hold” rating to a “sell” rating in a report on Wednesday, January 14th. Finally, Wolfe Research reaffirmed an “underperform” rating on shares of A.P. Moller-Maersk in a report on Thursday, January 8th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and six have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce”.

A.P. Moller-Maersk Trading Up 0.1%

Shares of OTCMKTS:AMKBY opened at $11.65 on Friday. A.P. Moller-Maersk has a 1 year low of $6.69 and a 1 year high of $12.63. The stock’s fifty day moving average price is $10.99 and its 200-day moving average price is $10.49. The company has a market cap of $36.88 billion, a P/E ratio of 7.42 and a beta of 0.88. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.16 and a quick ratio of 2.05.

A.P. Moller-Maersk (OTCMKTS:AMKBY) last announced its quarterly earnings results on Thursday, November 6th. The transportation company reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.20). A.P. Moller-Maersk had a net margin of 8.83% and a return on equity of 8.51%. The company had revenue of $14.21 billion for the quarter, compared to analysts’ expectations of $13.44 billion. Sell-side analysts expect that A.P. Moller-Maersk will post 0.41 earnings per share for the current year.

About A.P. Moller-Maersk

A.P. Moller-Maersk A/S is a Danish integrated transport and logistics company headquartered in Copenhagen. Operating under the Maersk brand worldwide, the group provides container shipping and end-to-end logistics services, combining ocean freight with land-based transportation, contract logistics, warehousing, and supply chain management for global shippers and manufacturers.

The company’s core activities include container shipping operations, terminal services through APM Terminals, and a growing logistics and services business that offers freight forwarding, customs brokerage, inland transportation and warehousing.