ELEKTA AB/ADR (OTCMKTS:EKTAY) Stock Rating Upgraded by Zacks Investment Research

ELEKTA AB/ADR (OTCMKTS:EKTAY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Wednesday, Zacks.com reports. The firm currently has a $14.00 price target on the stock. Zacks Investment Research‘s target price points to a potential upside of 1.74% from the stock’s previous close.

According to Zacks, “Elekta AB is a human care company engaged in developing and selling clinical solutions for the treatment of cancer and neurological diseases. It develops tools and treatment planning systems for radiation therapy, radiosurgery and brachytherapy, as well as workflow enhancing software systems across the spectrum of cancer care. The Company’s offering is divided into five areas: Neuroscience, Oncology, Software, Brachytherapy and Services. Elekta AB is headquartered in Stockholm, Sweden. “

Separately, Jefferies Financial Group raised shares of ELEKTA AB/ADR from an “underperform” rating to a “hold” rating in a report on Tuesday, July 16th.

EKTAY opened at $13.76 on Wednesday. ELEKTA AB/ADR has a fifty-two week low of $10.95 and a fifty-two week high of $14.65. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.08 and a quick ratio of 0.86. The firm has a market capitalization of $4.90 billion, a price-to-earnings ratio of 41.70, a PEG ratio of 2.51 and a beta of 0.46. The company’s 50 day moving average price is $12.86 and its two-hundred day moving average price is $12.89.

About ELEKTA AB/ADR

Elekta AB (publ) provides equipment and software for cancer and brain disorders worldwide. The company offers radiotherapy systems under the Versa HD, Precise Treatment System, and Elekta Compact names; Elekta Infinity, an image-guided radiation therapy (IGRT) system; and Elekta Synergy, a digital accelerator for advanced IGRT.

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