Electrolux (OTCMKTS:ELUXY) Stock Rating Raised to Strong-Buy at Dnb Carnegie

Key Points

• Dnb Carnegie upgraded Electrolux from “hold” to “strong buy,” while Zacks Research recently downgraded it to “strong sell.” Overall, the stock’s consensus rating remains “Hold.”
• Electrolux shares opened at $5.55, near their 50-day average of $5.49 and well below their 200-day average of $10.24; the stock’s one-year range is $4.63 to $19.83.
• The company reported a quarterly loss of $0.01 per share, missing estimates of $0.11 EPS, although revenue of $3.42 billion exceeded expectations of $3.35 billion.

Electrolux (OTCMKTS:ELUXY - Get Free Report) was upgraded by analysts at Dnb Carnegie from a "hold" rating to a "strong-buy" rating in a research note issued to investors on Tuesday, Zacks reports.

Separately, Zacks Research cut Electrolux from a "hold" rating to a "strong sell" rating in a report on Friday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Electrolux presently has a consensus rating of "Hold".

Electrolux Price Performance

ELUXY stock opened at $5.55 on Tuesday. The business has a 50 day simple moving average of $5.49 and a 200-day simple moving average of $10.24. The firm has a market capitalization of $785.54 million, a PE ratio of -7.12 and a beta of 1.22. Electrolux has a 1 year low of $4.63 and a 1 year high of $19.83.

Electrolux (OTCMKTS:ELUXY - Get Free Report) last announced its quarterly earnings data on Friday, October 23rd. The company reported ($0.01) EPS for the quarter, missing analysts' consensus estimates of $0.11 by ($0.12). The company had revenue of $3.42 billion during the quarter, compared to analysts' expectations of $3.35 billion. On average, equities research analysts expect that Electrolux will post 0.26 EPS for the current year.

About Electrolux

Electrolux Group is a Swedish home-appliance manufacturer headquartered in Stockholm. Founded in 1919, the company develops and sells appliances and related solutions for food preservation and preparation, laundry care, dishwashing, and household cleaning.

Its product portfolio includes refrigerators, freezers, ovens, cooktops, range hoods, washing machines, tumble dryers, dishwashers, vacuum cleaners, and air-care products. The group markets products under brands including Electrolux, AEG, and Frigidaire, with offerings tailored to residential consumers and, in selected markets, professional customers.

Electrolux serves customers across Europe, North America, Latin America, Asia-Pacific, and other international markets through retail, distribution, and direct channels.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.