Aggreko (OTCMKTS:ARGKF) Stock Rating Upgraded by Zacks Investment Research

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Zacks Investment Research upgraded shares of Aggreko (OTCMKTS:ARGKF) from a sell rating to a hold rating in a research report report published on Tuesday morning, Zacks.com reports.

According to Zacks, “Aggreko plc provides rental solutions to energy sector primarily of power generation and temperature control equipments. Its power generation rental solutions include generators, gas generators, transformers, load banks, fuel tanks, and electrical distribution equipment, as well as power accessories. Temperature control equipments include: chillers, cooling towers, air conditioners, spot coolers, air handlers, heaters, heat exchangers, and temperature accessories. The Company also provides dehumidifiers; and oil-free air solutions, including air compressor, air dryer, after coolers, and air accessories, as well as offers risk management solutions. Cooling equipments include supplemental cooling, thermal discharge cooling, cooling tower repair, contingency plan, emergency cooling, and cooling tower accessories. The Company also offers event services and process services. Aggreko plc is headquartered in Glasgow, the United Kingdom. “

Separately, ValuEngine lowered shares of Aggreko from a hold rating to a sell rating in a report on Tuesday, August 6th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. Aggreko has a consensus rating of Hold and a consensus target price of $12.00.

OTCMKTS:ARGKF opened at $9.35 on Tuesday. The company has a current ratio of 1.99, a quick ratio of 1.58 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $2.62 billion, a price-to-earnings ratio of 14.17, a PEG ratio of 1.80 and a beta of 1.05. The firm’s fifty day simple moving average is $9.95 and its 200 day simple moving average is $10.07. Aggreko has a twelve month low of $8.55 and a twelve month high of $11.51.

About Aggreko

Aggreko Plc supplies modular, mobile power, heating, cooling, and related services worldwide. The company operates in three segments: Rental Solutions, Power Solutions Industrial, and Power Solutions Utility. It offers power generation products, including diesel generators, G3+ generators, and gas generators, as well as Solar-diesel hybrid power plants; cooling systems, such as cooling towers, chillers, heat exchangers, and air handlers and conditioners; and desiccant and refrigerated dehumidifiers to prevent metal corrosion, aid processes, preserve equipment on cold stacked offshore rigs, reduce mold and mildew growth during production processes, and dry out water-damaged buildings, as well as to reduce drying times for concrete, insulation, and fireproofing.

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