JPMorgan Chase & Co. Downgrades PT UTD TRACTORS/ADR (OTCMKTS:PUTKY) to Underweight

JPMorgan Chase & Co. downgraded shares of PT UTD TRACTORS/ADR (OTCMKTS:PUTKY) from a neutral rating to an underweight rating in a research report report published on Tuesday morning, The Fly reports.

PT UTD TRACTORS/ADR stock opened at $31.24 on Tuesday. PT UTD TRACTORS/ADR has a twelve month low of $28.03 and a twelve month high of $46.75. The stock has a 50 day moving average of $30.24 and a two-hundred day moving average of $35.40.


PT United Tractors Tbk, together with its subsidiaries, sells and rents heavy equipment in Indonesia. The company operates through four segments: Construction Machinery, Mining Contracting, Coal Mining, and Construction Industry. The company distributes heavy equipment and spare-parts under the Komatsu, UD Trucks, Scania, Bomag, Tadano, and Komatsu Forest names to cover works in mining, plantation, construction, and forestry sector, as well as for material handling and transportation; and offers services in the areas of field consultation, optimum fleet recommendation, machine inspection program, heavy equipment monitoring program, remanufacturing and reconditioning, and training for mechanic and operator.

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