Electrolux (OTCMKTS:ELUXY) Downgraded to “Hold” Rating by Rothschild & Co Redburn

Electrolux (OTCMKTS:ELUXY) was downgraded by equities research analysts at Rothschild & Co Redburn from a “strong-buy” rating to a “hold” rating in a research note issued on Monday,Zacks.com reports.

Other analysts also recently issued reports about the stock. Zacks Research downgraded shares of Electrolux from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 2nd. The Goldman Sachs Group upgraded shares of Electrolux to a “hold” rating in a report on Friday, March 27th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Electrolux in a report on Monday, February 2nd. Finally, Citigroup restated a “neutral” rating on shares of Electrolux in a report on Thursday, January 22nd. Five equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Reduce”.

Electrolux Stock Performance

Shares of OTCMKTS ELUXY opened at $13.77 on Monday. The company has a debt-to-equity ratio of 3.57, a quick ratio of 0.66 and a current ratio of 0.96. The company has a market cap of $1.95 billion, a P/E ratio of 20.55 and a beta of 1.20. The firm’s fifty day moving average is $14.82 and its two-hundred day moving average is $13.78. Electrolux has a 52-week low of $10.80 and a 52-week high of $19.83.

Electrolux (OTCMKTS:ELUXY) last announced its quarterly earnings results on Friday, January 30th. The company reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.62). The company had revenue of $3.96 billion during the quarter, compared to the consensus estimate of $3.79 billion. Electrolux had a net margin of 0.69% and a return on equity of 10.82%. As a group, analysts anticipate that Electrolux will post 1.57 EPS for the current fiscal year.

Electrolux Company Profile

Electrolux AB, trading on the OTCMKTS as ELUXY, is a global leader in the design, manufacture and marketing of home and professional appliances. The company’s product portfolio spans major and small household appliances, including refrigerators, freezers, cooking ranges, dishwashers, laundry machines and vacuum cleaners, as well as specialty equipment for food-service and hospitality markets. Electrolux is recognized for its emphasis on energy efficiency, innovative design and user-focused functionality across its brands.

Founded in Sweden in 1919 through the merger of Elektromekaniska AB and Lux AB, Electrolux has grown into one of the world’s largest appliance makers.