Are Elekta AB (OTCMKTS:EKTAY) Shares a Sell Now? Morgan Stanley Has Downgraded Stock

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Elekta AB (OTCMKTS:EKTAY) Receives a Downgrade

In an analyst note finalized today, Morgan Stanley lowered shares of Elekta AB (OTCMKTS:EKTAY) to a Underweight rating from the previous Equal-Weight rating.

The stock decreased 3.01% or $0.26 on December 8, striking $8.39. Approximately shares of stock traded hands. ELEKTA UNSP ADR EACH REPR 1 ORD (OTCMKTS:EKTAY) has declined 10.36% since May 6, 2015 and is downtrending. It has underperformed by 9.57% the S&P500.

Are Elekta AB (OTCMKTS:EKTAY) Shares a Sell Now? Morgan Stanley Has Downgraded Stock

According to Zacks Investment Research, “Elekta AB is a human care company engaged in developing and selling clinical solutions for the treatment of cancer and neurological diseases. It develops tools and treatment planning systems for radiation therapy, radiosurgery and brachytherapy, as well as workflow enhancing software systems across the spectrum of cancer care. The Company’s offering is divided into five areas: Neuroscience, Oncology, Software, Brachytherapy and Services. Elekta AB is headquartered in Stockholm, Sweden.” Get a free copy of the Zacks research report on ELEKTA UNSP ADR EACH REPR 1 ORD (EKTAY).

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