AB Electrolux (publ) (OTCMKTS:ELUXY) Upgraded at Redburn Atlantic

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

AB Electrolux (publ) Stock Performance

Shares of ELUXY opened at $19.01 on Tuesday. AB Electrolux has a 12-month low of $14.19 and a 12-month high of $19.96. The firm has a market cap of $2.69 billion, a PE ratio of -4.85 and a beta of 1.22. The company’s 50 day simple moving average is $16.17 and its 200-day simple moving average is $17.37. The company has a current ratio of 0.94, a quick ratio of 0.62 and a debt-to-equity ratio of 3.61.

AB Electrolux (publ) (OTCMKTS:ELUXY) last released its earnings results on Friday, October 25th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.49). AB Electrolux (publ) had a negative net margin of 4.21% and a negative return on equity of 30.59%. The company had revenue of $3.20 billion during the quarter. As a group, equities analysts predict that AB Electrolux will post -0.42 EPS for the current 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.