ABB (NYSE:ABBNY) Rating Increased to Strong-Buy at Wall Street Zen

ABB (NYSE:ABBNY - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "hold" rating to a "strong-buy" rating in a research note issued on Friday.

A number of other brokerages have also recently issued reports on ABBNY. Cfra Research cut shares of ABB from a "moderate buy" rating to a "hold" rating in a research note on Monday, April 21st. Kepler Capital Markets lowered shares of ABB from a "strong-buy" rating to a "hold" rating in a report on Tuesday, June 17th. Dnb Nor Markets raised shares of ABB from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 1st. Finally, Barclays reissued an "underweight" rating on shares of ABB in a report on Tuesday. Two research analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold".

ABB Price Performance

ABBNY stock remained flat at $65.05 during trading hours on Friday. 497,937 shares of the company's stock traded hands, compared to its average volume of 281,283. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.37 and a quick ratio of 0.99. The stock has a market cap of $119.95 billion, a P/E ratio of 30.68, a PEG ratio of 2.48 and a beta of 1.15. ABB has a 12 month low of $45.36 and a 12 month high of $65.57. The stock has a 50 day moving average of $58.23 and a 200 day moving average of $55.51.

ABB Company Profile

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.