Schneider Electric (OTCMKTS:SBGSY) Lowered to "Strong Sell" Rating by Zacks Research

Key Points

• Schneider Electric has been downgraded by Zacks Research from a "hold" rating to a "strong sell" rating, raising concerns about its future performance.
• Despite the downgrade, other analysts have recently upgraded Schneider Electric's rating, with three analysts giving it a Strong Buy rating and others providing a mix of Buy and Hold ratings.
• The stock price opened at $57.71, with a fifty-two week range between $39.77 and $59.38, indicating fluctuating market conditions.

Schneider Electric (OTCMKTS:SBGSY - Get Free Report) was downgraded by stock analysts at Zacks Research from a "hold" rating to a "strong sell" rating in a research report issued on Thursday,Zacks.com reports.

Other equities research analysts also recently issued research reports about the company. Erste Group Bank raised Schneider Electric from a "hold" rating to a "strong-buy" rating in a report on Thursday, September 11th. Kepler Capital Markets raised Schneider Electric from a "hold" rating to a "strong-buy" rating in a report on Tuesday, September 30th. Deutsche Bank Aktiengesellschaft raised Schneider Electric from a "hold" rating to a "buy" rating in a report on Tuesday, September 2nd. Santander raised Schneider Electric to an "outperform" rating in a report on Wednesday, September 3rd. Finally, Citigroup reissued a "buy" rating on shares of Schneider Electric in a report on Wednesday, October 1st. Three equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy".

Schneider Electric Price Performance

Shares of OTCMKTS SBGSY opened at $57.71 on Thursday. The business has a 50-day simple moving average of $53.67 and a two-hundred day simple moving average of $51.18. Schneider Electric has a fifty-two week low of $39.77 and a fifty-two week high of $59.38.

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.

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