Schneider Electric (OTCMKTS:SBGSY) Rating Lowered to Hold at Zacks Research

Key Points

• Schneider Electric has been downgraded by Zacks Research from a "strong-buy" to a "hold" rating, reflecting a shift in analyst sentiment.
• Multiple brokerages have varying ratings on Schneider Electric, with three analysts giving it a "Strong Buy," two a "Buy," and four a "Hold," resulting in a consensus rating of "Moderate Buy."
• The company currently trades around $54.87, with a 12-month price range between $39.77 and $56.98.

Zacks Research lowered shares of Schneider Electric (OTCMKTS:SBGSY - Free Report) from a strong-buy rating to a hold rating in a report issued on Wednesday morning,Zacks.com reports.

A number of other analysts have also issued reports on the company. Erste Group Bank raised Schneider Electric from a "hold" rating to a "strong-buy" rating in a research report on Thursday, September 11th. Deutsche Bank Aktiengesellschaft raised Schneider Electric from a "hold" rating to a "buy" rating in a research report on Tuesday, September 2nd. Kepler Capital Markets lowered Schneider Electric from a "strong-buy" rating to a "hold" rating in a research report on Friday, July 25th. Finally, Santander raised Schneider Electric to an "outperform" rating in a research report on Wednesday, September 3rd. Three investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat.com, Schneider Electric has an average rating of "Moderate Buy".

Schneider Electric Stock Up 0.5%

OTCMKTS SBGSY traded up $0.26 on Wednesday, reaching $54.60. The stock had a trading volume of 360,518 shares, compared to its average volume of 404,159. The company has a quick ratio of 0.95, a current ratio of 1.23 and a debt-to-equity ratio of 0.35. Schneider Electric has a 12-month low of $39.77 and a 12-month high of $56.98. The stock has a fifty day moving average price of $52.28 and a two-hundred day moving average price of $50.16.

About Schneider Electric

Schneider Electric S.E. engages in the energy management and industrial automation businesses in the France, Western Europe, North America, the Asia Pacific, Eastern Europe, the Middle East, Africa, South America, and internationally. The company offers busway and cable management products, circuit breakers and switches, contactors and protection relays, electrical car charging, electrical protection and control products, energy management software solutions, load banks, power monitoring and control systems, power quality and power factor correction products, push buttons, switches, pilot lights and joysticks, surge protection and power conditioning services, switchboards and enclosures, and transfer switches.