Electrolux AB (OTCMKTS:ELUXY) Stock Rated “Hold” by Wall Street Brokerages

Electrolux AB (OTCMKTS:ELUXY) has been assigned an average recommendation of “Hold” from the six ratings firms that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a strong buy rating to the company.

A number of analysts recently weighed in on the stock. Dnb Carnegie upgraded shares of Electrolux from a “hold” rating to a “strong-buy” rating in a report on Tuesday. Zacks Research downgraded Electrolux from a “hold” rating to a “strong sell” rating in a research report on Friday, October 23rd.

Electrolux Stock Performance

ELUXY opened at $5.55 on Wednesday. Electrolux has a one year low of $4.63 and a one year high of $19.83. The stock’s fifty day moving average is $5.49 and its 200-day moving average is $10.24. The company has a market capitalization of $785.54 million, a PE ratio of -7.12 and a beta of 1.22.

Electrolux (OTCMKTS:ELUXY) last released its earnings results on Friday, October 23rd. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.12). The company had revenue of $3.42 billion during the quarter, compared to analysts’ expectations of $3.35 billion. On average, equities research analysts forecast that Electrolux will post 0.26 EPS for the current fiscal year.

About Electrolux

Electrolux Group is a Swedish home-appliance manufacturer headquartered in Stockholm. Founded in 1919, the company develops and sells appliances and related solutions for food preservation and preparation, laundry care, dishwashing, and household cleaning.

Its product portfolio includes refrigerators, freezers, ovens, cooktops, range hoods, washing machines, tumble dryers, dishwashers, vacuum cleaners, and air-care products. The group markets products under brands including Electrolux, AEG, and Frigidaire, with offerings tailored to residential consumers and, in selected markets, professional customers.

Electrolux serves customers across Europe, North America, Latin America, Asia-Pacific, and other international markets through retail, distribution, and direct channels.