A.P. Møller – Mærsk A/S (OTCMKTS:AMKBY) Downgraded to “Underweight” Rating by Morgan Stanley

Morgan Stanley downgraded shares of A.P. Møller – Mærsk A/S (OTCMKTS:AMKBY) from an equal weight rating to an underweight rating in a research note released on Wednesday, Marketbeat reports.

Several other equities analysts also recently weighed in on AMKBY. JPMorgan Chase & Co. started coverage on shares of A.P. Møller – Mærsk A/S in a research note on Tuesday, September 10th. They issued an “underweight” rating for the company. Wolfe Research downgraded shares of A.P. Møller – Mærsk A/S from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 9th. Finally, UBS Group downgraded shares of A.P. Møller – Mærsk A/S from a “buy” rating to a “neutral” rating in a research note on Thursday, October 17th. Four investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold”.

A.P. Møller – Mærsk A/S Stock Down 4.1 %

AMKBY opened at $8.49 on Wednesday. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.41 and a quick ratio of 2.28. The company’s 50-day moving average is $7.90 and its 200 day moving average is $8.04. A.P. Møller – Mærsk A/S has a fifty-two week low of $6.26 and a fifty-two week high of $10.53.

A.P. Møller – Mærsk A/S (OTCMKTS:AMKBY) last posted its quarterly earnings data on Thursday, October 31st. The transportation company reported $0.99 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.99. A.P. Møller – Mærsk A/S had a net margin of 6.82% and a return on equity of 6.48%. The business had revenue of $15.76 billion during the quarter, compared to the consensus estimate of $15.66 billion. As a group, research analysts anticipate that A.P. Møller – Mærsk A/S will post 1.46 EPS for the current fiscal year.

A.P. Møller – Mærsk A/S Company Profile

A.P. Møller – Mærsk A/S, together with its subsidiaries, engages in the ocean transport and logistics business in Denmark and internationally. It operates through Ocean, Logistics & Services, Terminals, and Towage & Maritime Services segments. The Ocean segment is involved in container shipping activities, including demurrage and detention, terminal handling, documentation and container services, and container storage, as well as transshipment hubs.