ABB (OTCMKTS:ABBNY) Downgraded to “Hold” Rating by Zacks Research

ABB (OTCMKTS:ABBNY) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report issued on Monday,Zacks.com reports.

Several other equities research analysts also recently commented on ABBNY. Citigroup reiterated a “neutral” rating on shares of ABB in a report on Thursday, June 18th. Wall Street Zen downgraded shares of ABB from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Deutsche Bank Aktiengesellschaft upgraded shares of ABB from a “sell” rating to a “hold” rating in a research note on Thursday, April 23rd. Kepler Capital Markets downgraded shares of ABB from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of ABB in a research report on Wednesday, May 6th. Nine analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and an average price target of $58.00.

ABB Stock Performance

ABBNY stock opened at $105.97 on Monday. The stock has a market capitalization of $193.20 billion, a PE ratio of 38.96, a price-to-earnings-growth ratio of 1.79 and a beta of 1.36. The stock’s 50 day simple moving average is $102.72 and its 200 day simple moving average is $88.95. ABB has a 12-month low of $56.59 and a 12-month high of $110.20. The company has a current ratio of 1.38, a quick ratio of 1.05 and a debt-to-equity ratio of 0.43.

About ABB

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.