Zacks Investment Research upgraded shares of AB SKF (NASDAQ:SKFRY) from a sell rating to a hold rating in a report issued on Wednesday morning.

According to Zacks, “SKF AB engages in the manufacturing of ball and roller bearings, seals, tools for mounting/dismounting bearings, lubricants and measuring/monitoring instruments. It also produces roller bearing steel and other special steels. The Company operates in three divisions: Industrial Division, Service Division and Automotive Division. It also offers products and knowledge-based services comprising hardware and software, consulting, mechanical services, predictive and preventive maintenance, condition monitoring, decision-support systems and performance-based contracts. SKF AB is headquartered in Gothenburg, Sweden. “

Several other brokerages have also commented on SKFRY. Barclays PLC lowered AB SKF from an equal weight rating to an underweight rating in a research report on Tuesday, December 13th. Royal Bank of Canada upgraded AB SKF from an underperform rating to a sector perform rating in a research report on Wednesday, January 25th. Societe Generale upgraded AB SKF from a sell rating to a hold rating in a research report on Tuesday, January 10th. Finally, Morgan Stanley lowered AB SKF from an equal weight rating to an underweight rating in a research report on Tuesday, December 13th. Two equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. The company currently has an average rating of Hold.

Shares of AB SKF (NASDAQ:SKFRY) traded down 0.29% during trading on Wednesday, reaching $20.45. The company’s stock had a trading volume of 2,805 shares. The stock has a market cap of $9.31 billion and a price-to-earnings ratio of 21.17. AB SKF has a 52-week low of $14.88 and a 52-week high of $20.63. The stock’s 50 day moving average price is $19.47 and its 200-day moving average price is $18.05.

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About AB SKF

AB SKF is a Sweden-based company that operates as a supplier of products, solutions and services within rolling bearings, seals, mechatronics, services and lubrication systems. The Company’s services include technical support, maintenance services, condition monitoring, asset efficiency optimization, engineering consultancy and training.

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