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

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

AMKBY has been the subject of several other research reports. Wolfe Research lowered A.P. Møller – Mærsk A/S from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 9th. JPMorgan Chase & Co. assumed coverage on A.P. Møller – Mærsk A/S in a research report on Tuesday, September 10th. They set an “underweight” rating on the stock. Finally, UBS Group lowered shares of A.P. Møller – Mærsk A/S from a “buy” rating to a “neutral” rating in a report on Thursday, October 17th. Four equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

A.P. Møller – Mærsk A/S Trading Up 3.4 %

Shares of OTCMKTS:AMKBY opened at $8.78 on Wednesday. The firm’s 50 day moving average price is $7.91 and its 200-day moving average price is $8.04. The company has a current ratio of 2.41, a quick ratio of 2.28 and a debt-to-equity ratio of 0.09. A.P. Møller – Mærsk A/S has a twelve month low of $6.26 and a twelve month high of $10.53.

A.P. Møller – Mærsk A/S (OTCMKTS:AMKBY) last released its quarterly earnings results on Thursday, October 31st. The transportation company reported $0.99 earnings per share for the quarter, hitting the consensus estimate 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 business had revenue of $15.76 billion for the quarter, compared to the consensus estimate of $15.66 billion. Research analysts predict 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.