A.P. Møller – Mærsk A/S (OTCMKTS:AMKBY) Lowered to Strong Sell at Wolfe Research

A.P. Møller – Mærsk A/S (OTCMKTS:AMKBY) was downgraded by research analysts at Wolfe Research from a “hold” rating to a “strong sell” rating in a research note issued on Wednesday, Zacks.com reports.

Separately, JPMorgan Chase & Co. initiated coverage on A.P. Møller – Mærsk A/S in a report on Tuesday, September 10th. They set an “underweight” rating for the company. Four research analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.

A.P. Møller – Mærsk A/S Trading Down 0.6 %

OTCMKTS:AMKBY opened at $7.20 on Wednesday. A.P. Møller – Mærsk A/S has a 1-year low of $6.26 and a 1-year high of $10.53. The business’s 50-day moving average price is $7.67 and its two-hundred day moving average price is $7.82. The company has a current ratio of 2.41, a quick ratio of 2.28 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $26.94 billion, a price-to-earnings ratio of 14.12 and a beta of 1.17.

A.P. Møller – Mærsk A/S (OTCMKTS:AMKBY) last announced its quarterly earnings results on Wednesday, August 7th. The transportation company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.01. A.P. Møller – Mærsk A/S had a return on equity of 1.62% and a net margin of 2.16%. The company had revenue of $12.77 billion during the quarter, compared to the consensus estimate of $13.13 billion. On average, equities analysts expect that A.P. Møller – Mærsk A/S will post 1.11 earnings per share for the current year.

About A.P. Møller – Mærsk A/S

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.