Zacks Research Upgrades Rheinmetall (OTCMKTS:RNMBY) to “Hold”

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

A number of other analysts have also recently commented on RNMBY. Royal Bank Of Canada assumed coverage on Rheinmetall in a research report on Tuesday, August 11th. They issued a “moderate buy” rating on the stock. Oddo Bhf raised Rheinmetall to an “outperform” rating in a research report on Monday, June 22nd. Santander upgraded Rheinmetall to an “outperform” rating in a research note on Monday, May 4th. Finally, Citigroup raised Rheinmetall from a “hold” rating to a “buy” rating in a report on Monday, May 18th. Nine research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Rheinmetall currently has an average rating of “Moderate Buy”.

Rheinmetall Price Performance

Shares of RNMBY opened at $253.10 on Tuesday. The stock has a market cap of $59.06 billion, a PE ratio of 86.98 and a beta of 0.17. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.54 and a current ratio of 1.04. Rheinmetall has a fifty-two week low of $211.20 and a fifty-two week high of $468.90. The firm’s 50-day simple moving average is $251.34 and its two-hundred day simple moving average is $300.64.

Rheinmetall Company Profile

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.