Should Investors Be Selling Sandvik AB (OTC:SDVKY) Stock Following Today’s Jefferies & Co Downgrade?

Share

Sandvik AB (OTC:SDVKY) Receives a Downgrade

The old rating for Sandvik AB (OTC:SDVKY) shares of a “Hold” has been discontinued, as stock research analysts at Jefferies & Co downgraded the current rating for Sandvik AB (OTC:SDVKY) shares to a “Underperform”.

From a total of 1 analysts covering Sandvik AB (ADR) (OTC:SDVKY) stock, 0 rate it a ”Buy”, 0 a “Sell”, and 0 a ”Hold”. This means that NaN of the ratings are positive. Sandvik AB (ADR) was the topic of 3 analyst reports since October 9, 2015 according to the firm StockzIntelligence Inc. Barclays Capital downgraded shares on December 9 to “Underweight” rating. Jefferies upgraded SDVKY stock in a recent report from October 9 to “Hold” rating.

Approximately 5,398 shares of stock traded hands. Sandvik AB (ADR) (OTC:SDVKY) has declined 28.92% since May 15, 2015 and is downtrending. It has underperformed by 25.11% the S&P500.

Should Investors Be Selling Sandvik AB (OTC:SDVKY) Stock Following Today’s Jefferies & Co Downgrade?

Sandvik AB is an engineering company engaged in tooling, materials technology, mining and construction. The company has a market cap of $10.91 billion. The Firm is the parent firm of the Sandvik Group. It currently has negative earnings. The Firm has five business areas, including Sandvik Machining Solutions, Sandvik Mining, Sandvik Materials Technology, Sandvik Construction and Sandvik Venture.

According to Zacks Investment Research, “Sandvik is a high-technology, engineering group with advanced products and a world-leading position within selected areas. Worldwide business activities are conducted through representation in 130 countries.”

COMMENTS: