Rheinmetall (OTCMKTS:RNMBY) Upgraded by Zacks Research to “Hold” Rating

Rheinmetall (OTCMKTS:RNMBY) was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued on Tuesday, Zacks reports.

A number of other equities analysts also recently commented on RNMBY. Royal Bank Of Canada initiated coverage on Rheinmetall in a report on Tuesday, August 11th. They set a “moderate buy” rating for the company. Citigroup raised shares of Rheinmetall from a “hold” rating to a “buy” rating in a research report on Monday, May 18th. Santander raised shares of Rheinmetall to an “outperform” rating in a research report on Monday, May 4th. Finally, Oddo Bhf raised shares of Rheinmetall to an “outperform” rating in a research report on Monday, June 22nd. Nine investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Rheinmetall Trading Up 1.7%

RNMBY opened at $253.10 on Tuesday. The business has a 50 day simple moving average of $251.34 and a two-hundred day simple moving average of $300.64. The firm has a market capitalization of $59.06 billion, a price-to-earnings ratio of 86.98 and a beta of 0.17. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.04 and a quick ratio of 0.54. Rheinmetall has a one year low of $211.20 and a one year high of $468.90.

About Rheinmetall

Rheinmetall AG is a Germany-based technology group specializing in defense and automotive solutions. Established in 1889 and headquartered in Düsseldorf, the company operates through two core divisions: Defense and Mobility (formerly Automotive). With a long heritage in engineering and manufacturing, Rheinmetall has evolved into a leading supplier of military vehicles, weapons systems and civilian mobility components, serving customers worldwide.

The Defense division develops and produces a broad portfolio of products and services for armed forces.