Thyssenkrupp (OTCMKTS:TKAMY) Downgraded by Zacks Investment Research to “Strong Sell”

Zacks Investment Research cut shares of Thyssenkrupp (OTCMKTS:TKAMY) from a buy rating to a strong sell rating in a research report released on Saturday, January 27th.

According to Zacks, “ThyssenKrupp AG engages in the production of steel. It operates through the following business areas Components Technology, Elevator Technology, Industrial Solutions, Materials Services, Steel Europe and Steel Americas. Components Technology business area offers components for the automotive, construction and engineering sectors. Elevator Technology business area constructs and modernizes elevators, escalators, moving walks, stair and platform lifts, and passenger boarding bridges. Industrial Solutions business area is an international supplier in special and large-scale plant construction as well as naval shipbuilding. Materials Services business area distributes materials and provides complex technical services for the production and manufacturing sectors. Steel Europe business area involves in the flat carbon steel activities. Steel America business area produces, processes, and markets steel products in North and South America. ThyssenKrupp AG is headquartered in Essen, Germany. “

Separately, Barclays downgraded shares of Thyssenkrupp from an equal weight rating to an underweight rating in a research note on Tuesday, October 3rd.

Thyssenkrupp (TKAMY) opened at $27.74 on Friday. Thyssenkrupp has a one year low of $23.26 and a one year high of $32.93. The stock has a market cap of $18,095....

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