A.P. Møller – Mærsk A/S (OTCMKTS:AMKBY) Cut to “Underweight” at Morgan Stanley

A.P. Møller – Mærsk A/S (OTCMKTS:AMKBY) was downgraded by equities research analysts at Morgan Stanley from an “equal weight” rating to an “underweight” rating in a note issued to investors on Wednesday,Briefing.com Automated Import reports.

Several other equities analysts have also weighed in on AMKBY. UBS Group lowered A.P. Møller – Mærsk A/S from a “buy” rating to a “neutral” rating in a report on Thursday, October 17th. JPMorgan Chase & Co. initiated 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. Finally, Wolfe Research lowered 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. Four analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, A.P. Møller – Mærsk A/S currently has an average rating of “Hold”.

A.P. Møller – Mærsk A/S Stock Up 2.5 %

OTCMKTS AMKBY opened at $8.85 on Wednesday. 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 current ratio of 2.41, a quick ratio of 2.28 and a debt-to-equity ratio of 0.09. The company’s 50 day simple moving average is $7.89 and its 200 day simple moving average is $8.03.

A.P. Møller – Mærsk A/S (OTCMKTS:AMKBY) last posted its quarterly earnings data on Thursday, October 31st. The transportation company reported $0.99 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.99. The firm had revenue of $15.76 billion for the quarter, compared to the consensus estimate of $15.66 billion. A.P. Møller – Mærsk A/S had a return on equity of 6.48% and a net margin of 6.82%. As a group, equities research analysts anticipate that A.P. Møller – Mærsk A/S will post 1.46 EPS 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.