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ABB Ltd (NYSE:ABB) was upgraded by investment analysts at Bank of America to a “buy” rating in a note issued to investors on Wednesday.

Shares of ABB Ltd (NYSE:ABB) opened at 22.97 on Wednesday. ABB Ltd has a 1-year low of $21.80 and a 1-year high of $27.25. The stock’s 50-day moving average is $22.92 and its 200-day moving average is $24.01. The company has a market cap of $52.622 billion and a price-to-earnings ratio of 20.61.

ABB Ltd (NYSE:ABB) last released its earnings data on Wednesday, July 23rd. The company reported $0.28 earnings per share for the quarter, missing the Thomson Reuters consensus estimate of $0.30 by $0.02. The company had revenue of $10.19 billion for the quarter, compared to the consensus estimate of $10.27 billion. During the same quarter in the prior year, the company posted $0.33 earnings per share. The company’s quarterly revenue was down .3% on a year-over-year basis. Analysts expect that ABB Ltd will post $1.27 EPS for the current fiscal year.

ABB Ltd (NYSE:ABB) is a Switzerland-based company engaged in the electrical engineering industry.

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