Zacks Investment Research Lowers Aggreko (ARGKF) to Strong Sell

Aggreko (OTCMKTS:ARGKF) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a research note issued to investors on Friday, March 16th.

According to Zacks, “Aggreko plc provides rental solutions to energy sector primarily of power generation and temperature control equipments. Its power generation rental solutions include generators, gas generators, transformers, load banks, fuel tanks, and electrical distribution equipment, as well as power accessories. Temperature control equipments include: chillers, cooling towers, air conditioners, spot coolers, air handlers, heaters, heat exchangers, and temperature accessories. The Company also provides dehumidifiers; and oil-free air solutions, including air compressor, air dryer, after coolers, and air accessories, as well as offers risk management solutions. Cooling equipments include supplemental cooling, thermal discharge cooling, cooling tower repair, contingency plan, emergency cooling, and cooling tower accessories. The Company also offers event services and process services. Aggreko plc is headquartered in Glasgow, the United Kingdom. “

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Separately, ValuEngine cut Aggreko from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd.

ARGKF stock opened at $10.07 on Friday. Aggreko has a fifty-two week low of $9.58 and a fifty-two week high of $12.96. The company has a market cap of $2,592.02, a price-to-earnings ratio of 11.99, a PEG ratio of 2.04 and a beta of 1.70.

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About Aggreko

Aggreko plc is a United Kingdom-based company, which is a provider of modular, mobile power and related solutions. The Company’s segments include Power Solutions and Rental Solutions. The Power Solutions segment provides solutions for power requirements. The Power Solutions segment has two businesses: utility and industrial.

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