Electrolux AB (ELUXY) Downgraded to Sell at 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. “
Several other research firms also recently weighed in on ELUXY. RBC Capital Markets downgraded shares of Electrolux AB from an “outperform” rating to a “sector perform” rating in a research note on Thursday, July 21st. Morgan Stanley downgraded shares of Electrolux AB from an “overweight” rating to an “equal weight” rating in a research note on Thursday, July 21st. Goldman Sachs Group Inc. raised shares of Electrolux AB from a “neutral” rating to a “buy” rating in a research note on Thursday, October 6th. Finally, Royal Bank Of Canada downgraded shares of Electrolux AB from an “outperform” rating to a “sector perform” rating in a research note on Thursday, July 21st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. The stock has an average rating of “Hold”.
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Electrolux AB (NASDAQ:ELUXY) traded down 1.07% during trading on Monday, hitting $48.23. 778 shares of the stock were exchanged. The stock has a 50 day moving average of $49.62 and a 200-day moving average of $52.68. Electrolux AB has a 52 week low of $41.22 and a 52 week high of $62.54. The stock has a market cap of $6.93 billion and a P/E ratio of 23.44.
Electrolux AB Company Profile
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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