Atlas Copco AB (ATLKY) Upgraded by Zacks Investment Research to Hold

Zacks Investment Research upgraded shares of Atlas Copco AB (NASDAQ:ATLKY) from a sell rating to a hold rating in a report published on Thursday morning.

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. “

Atlas Copco AB (NASDAQ:ATLKY) traded down 1.64% during mid-day trading on Thursday, hitting $30.61. 9,653 shares of the stock traded hands. Atlas Copco AB has a 1-year low of $19.91 and a 1-year high of $31.24. The company’s 50 day moving average price is $29.79 and its 200-day moving average price is $27.71. The stock has a market cap of $37.23 billion and a price-to-earnings ratio of 31.11.

About Atlas Copco AB

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