Electrolux AB (ELUXY) Downgraded by Zacks Investment Research
Electrolux AB (NASDAQ:ELUXY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Monday.
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. “
ELUXY has been the subject of a number of other reports. Royal Bank Of Canada cut shares of Electrolux AB from an “outperform” rating to a “sector perform” rating in a research report on Thursday, July 21st. Goldman Sachs Group Inc. upgraded shares of Electrolux AB from a “neutral” rating to a “buy” rating in a research report on Thursday, October 6th. Morgan Stanley cut shares of Electrolux AB from an “overweight” rating to an “equal weight” rating in a research report on Thursday, July 21st. Finally, RBC Capital Markets cut shares of Electrolux AB from an “outperform” rating to a “sector perform” rating in a research report on Thursday, July 21st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. Electrolux AB currently has an average rating of “Hold”.
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Shares of Electrolux AB (NASDAQ:ELUXY) traded down 1.07% during midday trading on Monday, reaching $48.23. 778 shares of the company were exchanged. Electrolux AB has a 52 week low of $41.22 and a 52 week high of $62.54. The firm has a market capitalization of $6.93 billion and a P/E ratio of 23.44. The firm has a 50-day moving average of $49.62 and a 200 day moving average of $52.68.
About Electrolux AB
AB Electrolux is engaged in producing household appliances and appliances for professional use. The Company offers various products, which include refrigerators, dishwashers, washing machines, cookers, air-conditioners and small appliances, such as vacuum cleaners. Its brands include Electrolux, AEG, Zanussi and Frigidaire.
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