ABB (OTCMKTS:ABBNY) Stock Rating Upgraded by Berenberg Bank

ABB (OTCMKTS:ABBNY – Get Free Report) was upgraded by Berenberg Bank to a “hold” rating in a research report issued on Monday,Zacks.com reports.

A number of other analysts have also weighed in on the company. Zacks Research upgraded ABB from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 14th. Barclays upgraded ABB from a “strong sell” rating to a “hold” rating in a research note on Monday, April 13th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of ABB in a research note on Wednesday, May 6th. Kepler Capital Markets lowered ABB from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Finally, Citigroup reiterated a “neutral” rating on shares of ABB in a research note on Thursday, April 23rd. One analyst has rated the stock with a Strong Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $58.00.

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ABB Stock Down 1.1%

OTCMKTS ABBNY opened at $107.79 on Monday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.05 and a current ratio of 1.38. The company has a market capitalization of $196.52 billion, a P/E ratio of 39.63, a P/E/G ratio of 1.78 and a beta of 1.36. ABB has a one year low of $56.25 and a one year high of $110.20. The stock has a 50 day moving average price of $96.71 and a 200-day moving average price of $85.50.

ABB Company Profile

(Get Free Report)

ABB Ltd provides electrification, motion, and automation solutions and products for customers in utilities, industry and transport, and infrastructure in Switzerland, rest of Europe, the Americas, the United States, rest of Asia, the Middle East, Africa, China, and internationally. Its Electrification segment offers renewable power solutions, modular substation packages, distribution automation products, switchboards and panelboards, switchgears, UPS solutions, circuit breakers, measuring and sensing devices, control products, wiring accessories, enclosures and cabling systems, and intelligent home and building solutions.

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