ABB (NYSE:ABBNY - Get Free Report) was upgraded by analysts at Citigroup from a "hold" rating to a "strong-buy" rating in a note issued to investors on Monday,Zacks.com reports.
ABBNY has been the subject of several other research reports. Cfra Research cut ABB from a "moderate buy" rating to a "hold" rating in a research report on Monday, April 21st. Wall Street Zen upgraded ABB from a "hold" rating to a "strong-buy" rating in a report on Friday, July 18th. Kepler Capital Markets cut ABB from a "strong-buy" rating to a "hold" rating in a report on Tuesday, June 17th. Dnb Nor Markets upgraded ABB from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 1st. Finally, Barclays restated an "underweight" rating on shares of ABB in a report on Tuesday, July 15th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, ABB presently has a consensus rating of "Moderate Buy".
Read Our Latest Research Report on ABB
ABB Stock Performance
Shares of NYSE:ABBNY traded down $0.23 during midday trading on Monday, reaching $67.08. 120,880 shares of the company's stock traded hands, compared to its average volume of 279,865. ABB has a one year low of $45.36 and a one year high of $67.32. The stock has a 50 day moving average of $58.84 and a 200 day moving average of $55.75. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.99 and a current ratio of 1.37. The company has a market cap of $123.69 billion, a price-to-earnings ratio of 31.64, a P/E/G ratio of 2.48 and a beta of 1.15.
ABB Company Profile
(
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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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