Zacks Investment Research downgraded shares of Electrolux AB (NASDAQ:ELUXY) from a buy rating to a hold rating in a report issued on Wednesday.

According to Zacks, “Electrolux AB manufactures appliances and outdoor and industrial products. The Company produces household and commercial appliances, vacuum cleaners and other floor care machines, sewing machines, chain saws, lawn mowers, weed eaters, aluminum extrusions, conveyor systems and archive systems and recycles scrap metals and waste paper. Products are sold in Europe, North America and Asia. “

Separately, Goldman Sachs Group, Inc. (The) lowered Electrolux AB from a buy rating to a neutral rating in a research report on Tuesday, September 26th. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. The stock has an average rating of Hold and an average price target of $77.00.

Electrolux AB (NASDAQ:ELUXY) last posted its quarterly earnings results on Friday, October 27th. The company reported $1.21 earnings per share for the quarter, beating the consensus estimate of $1.15 by $0.06. The firm had revenue of $3.60 billion for the quarter. Electrolux AB had a return on equity of 30.85% and a net margin of 4.15%.

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About Electrolux AB

AB Electrolux provides household appliances and appliances for professional use. The Company offers designs and sustainable solutions, under brands including Electrolux, AEG, Zanussi and Frigidaire. The Company’s segments include Major Appliances Europe, Middle East and Africa; Major Appliances North America; Major Appliances Latin America; Major Appliances Asia/Pacific; Small Appliances and Professional Products.

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