Atlas Copco (OTCMKTS:ATLKY) Upgraded to “Buy” at Zacks Investment Research

Zacks Investment Research upgraded shares of Atlas Copco (OTCMKTS:ATLKY) from a hold rating to a buy rating in a research report sent to investors on Friday, January 12th. The brokerage currently has $52.00 price target on the industrial products company’s stock.

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. “

Atlas Copco (OTCMKTS:ATLKY) traded down $2.56 during trading hours on Friday, hitting $42.38. The stock had a trading volume of 76,644 shares, compared to its average volume of 46,402. The company has a market capitalization of $37,722.37, a price-to-earnings ratio of 27.49, a PEG ratio of 1.83 and a beta of 0.99. Atlas Copco has a 52 week low of $31.99 and a 52 week high of $47.90. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.85 and a quick ratio of 1.38.

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About Atlas Copco

Atlas Copco AB is a holding company. The Company is a provider of various productivity solutions. It serves customers with compressors, vacuum solutions and air treatment systems, construction and mining equipment, power tools and assembly systems. Its segments include Compressor Technique, which provides industrial compressors, vacuum solutions, gas and process compressors and expanders, air and gas treatment equipment and air management systems; Industrial Technique, which provides industrial power tools and systems, industrial assembly solutions, quality assurance products, software and service; Mining and Rock Excavation Technique, which provides equipment for drilling and rock excavation, a range of related consumables and service, and Construction Technique, which provides construction and demolition tools, portable compressors, pumps and generators, lighting towers, and compaction and paving equipment.

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