ABB (OTCMKTS:ABBNY) Rating Lowered to Hold at Zacks Research

ABB (OTCMKTS:ABBNY) was downgraded by Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued on Monday,Zacks.com reports.

Other equities analysts have also recently issued reports about the company. Barclays raised ABB from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. Deutsche Bank Aktiengesellschaft upgraded ABB from a “sell” rating to a “hold” rating in a research report on Thursday, April 23rd. Kepler Capital Markets downgraded ABB from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Wall Street Zen cut ABB from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Berenberg Bank upgraded ABB to a “hold” rating in a research note on Monday, June 1st. Nine research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average price target of $58.00.

ABB Trading Down 3.4%

Shares of ABB stock opened at $105.97 on Monday. ABB has a 1-year low of $56.59 and a 1-year high of $110.20. The company’s fifty day simple moving average is $102.72 and its 200-day simple moving average is $88.95. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.38 and a quick ratio of 1.05. The stock has a market capitalization of $193.20 billion, a PE ratio of 38.96, a P/E/G ratio of 1.79 and a beta of 1.36.

About ABB

ABB Ltd provides electrification, motion, and automation solutions and products for customers in utilities, industry and transport, and infrastructure in Switzerland, rest of Europe, the Americas, the United States, rest of Asia, the Middle East, Africa, China, and internationally. Its Electrification segment offers renewable power solutions, modular substation packages, distribution automation products, switchboards and panelboards, switchgears, UPS solutions, circuit breakers, measuring and sensing devices, control products, wiring accessories, enclosures and cabling systems, and intelligent home and building solutions.