Wolfe Research Lowers A.P. Møller - Mærsk A/S (OTCMKTS:AMKBY) to Strong Sell

A.P. Møller - Mærsk A/S (OTCMKTS:AMKBY - Get Free Report) was downgraded by 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. assumed coverage on shares of A.P. Møller - Mærsk A/S in a research note on Tuesday, September 10th. They issued an "underweight" rating for the company. Four analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold".

A.P. Møller - Mærsk A/S Trading Up 2.2 %

Shares of OTCMKTS:AMKBY traded up $0.16 on Wednesday, hitting $7.36. The company had a trading volume of 90,896 shares, compared to its average volume of 266,739. 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's 50-day simple moving average is $7.65 and its two-hundred day simple moving average is $7.82. A.P. Møller - Mærsk A/S has a 1 year low of $6.26 and a 1 year high of $10.53.

A.P. Møller - Mærsk A/S (OTCMKTS:AMKBY - Get Free Report) last issued 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. The company had revenue of $12.77 billion during the quarter, compared to analyst estimates of $13.13 billion. A.P. Møller - Mærsk A/S had a net margin of 2.16% and a return on equity of 1.62%. On average, equities analysts predict that A.P. Møller - Mærsk A/S will post 1.08 earnings per share for the current year.

A.P. Møller - Mærsk A/S Company Profile

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.