Zacks Investment Research Downgrades Atlas Copco (ATLKY) to Hold

Atlas Copco (OTCMKTS:ATLKY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Friday.

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. “

Separately, ValuEngine cut Atlas Copco from a “buy” rating to a “hold” rating in a research report on Tuesday, April 3rd.

Shares of Atlas Copco traded up $0.41, reaching $42.62, during trading hours on Friday, according to MarketBeat Ratings. The stock had a trading volume of 30,600 shares, compared to its average volume of 41,737. The stock has a market cap of $35.43 billion, a PE ratio of 26.47, a price-to-earnings-growth ratio of 1.74 and a beta of 1.06. The company has a quick ratio of 1.55, a current ratio of 2.06 and a debt-to-equity ratio of 0.39. Atlas Copco has a fifty-two week low of $35.69 and a fifty-two week high of $47.90.

About Atlas Copco

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, vacuum solutions, air and gas treatment equipment, and medical air solutions for use in manufacturing, oil and gas, and process industries.

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