ABB Ltd (NYSE:ABBNY) Given Consensus Recommendation of "Hold" by Brokerages

Shares of ABB Ltd (NYSE:ABBNY - Get Free Report) have received an average recommendation of "Hold" from the six ratings firms that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a strong buy rating on the company.

Several research analysts have commented on the company. Cfra Research lowered ABB from a "moderate buy" rating to a "hold" rating in a research report on Monday, April 21st. Dnb Nor Markets raised ABB from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 1st. Finally, Kepler Capital Markets lowered ABB from a "strong-buy" rating to a "hold" rating in a report on Tuesday, June 17th.

ABB Price Performance

Shares of NYSE ABBNY opened at $58.76 on Tuesday. The firm has a market capitalization of $109.33 billion, a PE ratio of 27.72, a price-to-earnings-growth ratio of 2.48 and a beta of 1.15. ABB has a fifty-two week low of $45.36 and a fifty-two week high of $60.32. The stock's 50-day simple moving average is $56.97 and its 200-day simple moving average is $55.13. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.99 and a current ratio of 1.37.

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.

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