Electrolux (ELUXY) Downgraded by Zacks Investment Research to Sell

Electrolux (OTCMKTS:ELUXY) was downgraded by Zacks Investment Research from a “buy” rating to a “sell” rating in a research note issued on Friday.

According to Zacks, “Electrolux AB manufactures appliances and outdoor and industrial products. The Company produces household and commercial appliances, vacuum cleaners and other floor care machines, sewing machines, chain saws, lawn mowers, weed eaters, aluminum extrusions, conveyor systems and archive systems and recycles scrap metals and waste paper. Products are sold in Europe, North America and Asia. “

Several other analysts have also recently commented on the company. ValuEngine upgraded Electrolux from a “sell” rating to a “hold” rating in a report on Friday, November 23rd. Morgan Stanley cut Electrolux from an “equal weight” rating to an “underweight” rating in a report on Wednesday, December 5th.

Shares of OTCMKTS:ELUXY traded up $0.18 during midday trading on Friday, hitting $45.70. 2,687 shares of the stock were exchanged, compared to its average volume of 4,537. The stock has a market cap of $7.02 billion, a P/E ratio of 9.81 and a beta of 0.88. The company has a current ratio of 0.95, a quick ratio of 0.63 and a debt-to-equity ratio of 0.37. Electrolux has a 12 month low of $37.49 and a 12 month high of $71.45.

Electrolux (OTCMKTS:ELUXY) last released its quarterly earnings results on Friday, October 26th. The company reported $0.90 earnings per share for the quarter. The company had revenue of $3.40 billion for the quarter. Electrolux had a return on equity of 19.80% and a net margin of 3.41%. As a group, equities analysts forecast that Electrolux will post 3.73 EPS for the current year.

Electrolux Company Profile

AB Electrolux (publ), together with its subsidiaries, manufactures and sells household appliances and appliances for professional use. It operates through six segments: Major Appliances Europe, Middle East and Africa; Major Appliances North America; Major Appliances Latin America; Major Appliances Asia/Pacific; Home Care & Small Domestics Appliances; and Professional Products.

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