Rheinmetall (OTCMKTS:RNMBY) Upgraded at Zacks Research

Rheinmetall (OTCMKTS:RNMBY) was upgraded by equities research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

A number of other brokerages have also issued reports on RNMBY. Santander raised Rheinmetall to an “outperform” rating in a research report on Monday, May 4th. Jefferies Financial Group reiterated a “buy” rating on shares of Rheinmetall in a report on Monday, April 20th. Finally, Citigroup upgraded shares of Rheinmetall from a “hold” rating to a “buy” rating in a research report on Monday. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy”.

Rheinmetall Price Performance

Shares of RNMBY opened at $279.68 on Monday. The business’s 50-day moving average is $334.17 and its two-hundred day moving average is $370.50. The company has a market capitalization of $64.94 billion, a P/E ratio of 131.31 and a beta of 0.16. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.68 and a current ratio of 1.20. Rheinmetall has a fifty-two week low of $259.76 and a fifty-two week high of $468.90.

About Rheinmetall

Rheinmetall AG is a Germany-based technology group specializing in defense and automotive solutions. Established in 1889 and headquartered in Düsseldorf, the company operates through two core divisions: Defense and Mobility (formerly Automotive). With a long heritage in engineering and manufacturing, Rheinmetall has evolved into a leading supplier of military vehicles, weapons systems and civilian mobility components, serving customers worldwide.

The Defense division develops and produces a broad portfolio of products and services for armed forces.