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DSV AS/ADR (OTCMKTS:DSDVY) Downgraded to “Hold” at Zacks Investment Research

DSV AS/ADR (OTCMKTS:DSDVY) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research report issued on Monday, Zacks.com reports.

According to Zacks, “DSV A/S provides transport and logistics services. It offers truck, ship and plane transport services as well as warehousing and logistic services. The company also provides shipment booking, pick-up, custom clearance, cargo consolidation, document and insurance services as well as warehousing, picking/packaging, distribution, supply chain management and order planning services. It operates primarily in Europe, the Middle East, Africa, North and South America, Asia, Australia and the Pacific. DSV A/S is headquartered in Hedehusene, Denmark. “

Separately, ValuEngine downgraded shares of DSV AS/ADR from a “hold” rating to a “sell” rating in a research note on Monday, October 7th.

DSDVY traded up $0.33 on Monday, reaching $56.44. The company had a trading volume of 21,500 shares, compared to its average volume of 27,800. The business has a 50 day simple moving average of $55.88 and a 200 day simple moving average of $50.37. The company has a market cap of $20.87 billion, a price-to-earnings ratio of 32.25, a P/E/G ratio of 1.76 and a beta of 1.41. DSV AS/ADR has a 52-week low of $34.98 and a 52-week high of $57.89.

About DSV AS/ADR

DSV A/S provides transport and logistics services in Europe, the Middle East, Africa, North America and South America, Asia, Australia, and the Pacific. The company operates through three segments: Air & Sea, Road, and Solutions. The company offers air and sea freight services, including standard freight, compliance, and carrier services, as well as container and sea-air freight services.

See Also: Why does a company issue an IPO?

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