ATLAS COPCO AB/S (OTCMKTS:ATLKY) Lowered to Hold at Zacks Investment Research

Zacks Investment Research cut shares of ATLAS COPCO AB/S (OTCMKTS:ATLKY) from a buy rating to a hold rating in a research report released on Tuesday morning, reports.

According to Zacks, “ATLAS COPCO is a world leading provider of industrial productivity solutions. The products and services range from compressed air and gas equipment, generators, construction and mining equipment, industrial tools and assembly systems, to related aftermarket and rental. In close cooperation with customers and business partners, and with 135 years of experience, Atlas Copco innovates for superior productivity. Headquartered in Stockholm, Sweden, the Group’s global reach spans more than 160 markets. “

A number of other research analysts have also recently issued reports on the stock. JPMorgan Chase & Co. reiterated an overweight rating on shares of ATLAS COPCO AB/S in a research note on Friday, July 17th. Deutsche Bank reiterated a sell rating on shares of ATLAS COPCO AB/S in a research note on Thursday, May 28th. Morgan Stanley reiterated an equal weight rating on shares of ATLAS COPCO AB/S in a research note on Monday, July 20th. Bank of America upgraded shares of ATLAS COPCO AB/S from an underperform rating to a buy rating in a research note on Wednesday, June 17th. Finally, UBS Group cut shares of ATLAS COPCO AB/S to a neutral rating in a research note on Monday, July 20th. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of Hold and an average price target of $53.00.

OTCMKTS ATLKY traded up $0.14 during trading on Tuesday, reaching $46.94. 42,337 shares of the company traded hands, compared to its average volume of 50,544. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.01 and a current ratio of 1.50. The stock’s 50 day moving average price is $45.72 and its two-hundred day moving average price is $39.42. The company has a market cap of $57.02 billion, a price-to-earnings ratio of 34.77 and a beta of 0.99. ATLAS COPCO AB/S has a 1-year low of $25.39 and a 1-year high of $47.40.

ATLAS COPCO AB/S (OTCMKTS:ATLKY) last released its quarterly earnings data on Thursday, July 16th. The industrial products company reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.07. The company had revenue of $2.49 billion for the quarter, compared to the consensus estimate of $1.91 billion. ATLAS COPCO AB/S had a return on equity of 28.83% and a net margin of 15.23%. Equities research analysts expect that ATLAS COPCO AB/S will post 1.33 EPS for the current fiscal year.


Atlas Copco AB, through its subsidiaries, provides productivity solutions worldwide. It offers piston compressors, oil-free tooth and scroll compressors, rotary screw compressors, oil-free blowers, oil-free centrifugal compressors, gas and process compressors, air and gas treatment equipment, and medical air solutions for use in manufacturing, oil and gas, and process industries.

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