Redburn Atlantic Upgrades AB Electrolux (publ) (OTCMKTS:ELUXY) to “Strong-Buy”

AB Electrolux (publ) (OTCMKTS:ELUXY) was upgraded by Redburn Atlantic from a “hold” rating to a “strong-buy” rating in a research report issued on Tuesday,Zacks.com reports.

AB Electrolux (publ) Trading Up 0.6 %

Shares of AB Electrolux (publ) stock opened at $19.01 on Tuesday. The company has a debt-to-equity ratio of 3.61, a current ratio of 0.94 and a quick ratio of 0.62. The business has a 50 day moving average price of $16.17 and a 200 day moving average price of $17.37. The company has a market capitalization of $2.69 billion, a P/E ratio of -4.85 and a beta of 1.22. AB Electrolux has a 1 year low of $14.19 and a 1 year high of $19.96.

AB Electrolux (publ) (OTCMKTS:ELUXY) last posted its quarterly earnings data on Friday, October 25th. The company reported ($0.17) EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.49). AB Electrolux (publ) had a negative return on equity of 30.59% and a negative net margin of 4.21%. The company had revenue of $3.20 billion for the quarter. Sell-side analysts anticipate that AB Electrolux will post -0.42 EPS for the current fiscal year.

About AB Electrolux (publ)

AB Electrolux (publ), together with its subsidiaries, manufactures and sells household appliances worldwide. The company offers various appliances, such as refrigerators, freezers, cookers, dryers, washing machines, dishwashers, room air-conditioners, microwave ovens, floor-care products, vacuum cleaners, water heaters, heat pumps, and other small domestic appliances, as well as consumables and accessories.