Electrolux AB (ELUXY) Downgraded to “Sell” at Zacks Investment Research
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. “
Other analysts also recently issued research reports about the company. Morgan Stanley downgraded Electrolux AB from an overweight rating to an equal weight rating in a research report on Thursday, July 21st. RBC Capital Markets downgraded Electrolux AB from an outperform rating to a sector perform rating in a research report on Thursday, July 21st. Royal Bank Of Canada downgraded Electrolux AB from an outperform rating to a sector perform rating in a research report on Thursday, July 21st. Finally, Goldman Sachs Group Inc. upgraded Electrolux AB from a neutral rating to a buy rating in a research report on Thursday, October 6th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of Hold.
Shares of Electrolux AB (NASDAQ:ELUXY) opened at 48.23 on Monday. The firm’s 50-day moving average is $49.62 and its 200-day moving average is $52.68. The firm has a market cap of $6.93 billion and a P/E ratio of 23.44. Electrolux AB has a 52-week low of $41.22 and a 52-week high of $62.54.
About Electrolux AB
AB Electrolux is engaged in producing household appliances and appliances for professional use. The Company offers various products, which include refrigerators, dishwashers, washing machines, cookers, air-conditioners and small appliances, such as vacuum cleaners. Its brands include Electrolux, AEG, Zanussi and Frigidaire.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Electrolux AB Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Electrolux AB and related companies with MarketBeat.com's FREE daily email newsletter.