Zacks Investment Research Downgrades Aggreko (ARGKF) to Sell

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Aggreko (OTCMKTS:ARGKF) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Tuesday.

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. “

A number of other equities research analysts have also recently commented on the stock. Peel Hunt reaffirmed a “reduce” rating on shares of Aggreko in a report on Tuesday, January 22nd. Barclays reaffirmed a “hold” rating on shares of Aggreko in a report on Thursday, November 15th.

OTCMKTS:ARGKF opened at $9.53 on Tuesday. The company has a current ratio of 1.87, a quick ratio of 1.45 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $2.44 billion, a P/E ratio of 13.81, a P/E/G ratio of 1.74 and a beta of 1.01. Aggreko has a 12 month low of $8.32 and a 12 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, such as diesel generators, G3+ generators, and gas generators, as well as Solar-diesel hybrid power plants; cooling systems, including cooling towers, chillers, heat exchangers, air handlers, and air 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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