Aggreko (ARGKF) Downgraded by Zacks Investment Research

Zacks Investment Research lowered shares of Aggreko (OTCMKTS:ARGKF) from a hold rating to a sell rating in a report issued on Wednesday.

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, Barclays reaffirmed a hold rating on shares of Aggreko in a research note on Thursday, November 15th.

Aggreko stock opened at $10.00 on Wednesday. The company has a quick ratio of 1.45, a current ratio of 1.87 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $2.53 billion, a price-to-earnings ratio of 14.49, a price-to-earnings-growth ratio of 1.83 and a beta of 1.12. Aggreko has a twelve month low of $8.32 and a twelve month high of $11.61.

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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