A.P. Møller – Mærsk A/S (OTCMKTS:AMKBY) Given Consensus Recommendation of “Reduce” by Brokerages

Shares of A.P. Møller – Mærsk A/S (OTCMKTS:AMKBY) have received an average rating of “Reduce” from the seven ratings firms that are presently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company.

AMKBY has been the subject of a number of recent research reports. UBS Group cut A.P. Møller – Mærsk A/S from a “buy” rating to a “neutral” rating in a research report on Thursday, October 17th. Wolfe Research cut 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, JPMorgan Chase & Co. initiated coverage on shares of A.P. Møller – Mærsk A/S in a report on Tuesday, September 10th. They issued an “underweight” rating on the stock.

A.P. Møller – Mærsk A/S Stock Up 1.4 %

Shares of AMKBY opened at $8.60 on Friday. The company’s 50 day simple moving average is $7.77 and its 200-day simple moving average is $8.02. A.P. Møller – Mærsk A/S has a 12-month low of $6.26 and a 12-month high of $10.53. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.28 and a current ratio of 2.41.

A.P. Møller – Mærsk A/S (OTCMKTS:AMKBY) last posted its quarterly earnings data on Thursday, October 31st. The transportation company reported $0.99 EPS for the quarter, meeting 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 company had revenue of $15.76 billion for the quarter, compared to analyst estimates of $15.66 billion. Sell-side analysts expect that A.P. Møller – Mærsk A/S will post 1.46 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.