Zacks Research Upgrades Schneider Electric (OTCMKTS:SBGSY) to "Strong-Buy"

Key Points

• Zacks Research has upgraded Schneider Electric's rating from "hold" to a "strong-buy" as of Tuesday, reflecting a positive outlook for the company.
• Despite this upgrade, other analysts such as Barclays and Kepler Capital Markets have recently downgraded Schneider Electric from a "strong-buy" to a "hold" rating, highlighting mixed analyst sentiments.
• Currently, Schneider Electric's stock price is trading at approximately $50.20, having experienced a 3.1% decline on the day of the report.

Schneider Electric (OTCMKTS:SBGSY - Get Free Report) was upgraded by research analysts at Zacks Research from a "hold" rating to a "strong-buy" rating in a report issued on Tuesday, August 19th,Zacks.com reports.

Other analysts have also recently issued reports about the stock. Kepler Capital Markets cut shares of Schneider Electric from a "strong-buy" rating to a "hold" rating in a research note on Friday, July 25th. Barclays cut shares of Schneider Electric from a "strong-buy" rating to a "hold" rating in a research note on Monday, May 12th. Three analysts have rated the stock with a Strong Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Schneider Electric currently has an average rating of "Buy".

Schneider Electric Trading Down 0.2%

OTCMKTS SBGSY traded down $0.12 during trading on Tuesday, reaching $49.19. The company's stock had a trading volume of 139,009 shares, compared to its average volume of 414,650. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.23 and a quick ratio of 0.95. The business has a 50-day moving average price of $52.17 and a 200-day moving average price of $49.91. Schneider Electric has a 1-year low of $39.77 and a 1-year high of $56.98.

Schneider Electric Company Profile

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.