Royal Bank of Canada Reaffirms “Outperform” Rating for Atlas Copco (OTCMKTS:BDNNY)

Royal Bank of Canada reissued their outperform rating on shares of Atlas Copco (OTCMKTS:BDNNY) in a report released on Wednesday, The Fly reports.

BDNNY has been the topic of several other research reports. Bank of America upgraded Atlas Copco from a neutral rating to a buy rating in a research note on Friday, May 29th. Deutsche Bank reiterated a buy rating on shares of Atlas Copco in a research note on Wednesday, April 29th. Citigroup downgraded Atlas Copco from a buy rating to a neutral rating in a research note on Thursday, April 30th. Credit Suisse Group upgraded Atlas Copco from a neutral rating to an outperform rating in a research report on Thursday, May 7th. Finally, Morgan Stanley restated an equal weight rating on shares of Atlas Copco in a research report on Tuesday, June 23rd. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock currently has an average rating of Buy.

Atlas Copco stock opened at $50.75 on Wednesday. Atlas Copco has a 12 month low of $30.80 and a 12 month high of $56.99. The business’s 50 day simple moving average is $45.18 and its 200 day simple moving average is $44.55.

Atlas Copco Company Profile

Boliden AB (publ), a metals company, explores for, mines, smelts, and recycles metals. It operates in two segments, Business Area Mines and Business Area Smelters. The company mines for zinc, copper, lead, gold, silver, nickel, and tellurium deposits. It operates the Aitik, the Boliden Area, and Garpenberg mines in Sweden; Tara mine in Ireland; and Kylylahti and Kevitsa mines in Finland.

Further Reading: Secondary Public Offerings

The Fly

Analyst Recommendations for Atlas Copco (OTCMKTS:BDNNY)

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