Electrolux (OTCMKTS:ELUXY) Rating Increased to Hold at Zacks Research

Electrolux (OTCMKTS:ELUXY – Get Free Report) was upgraded by investment analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Monday,Zacks.com reports.

ELUXY has been the subject of a number of other reports. The Goldman Sachs Group upgraded shares of Electrolux to a “hold” rating in a research note on Friday, March 27th. Rothschild & Co Redburn cut shares of Electrolux from a “strong-buy” rating to a “hold” rating in a report on Monday, April 20th. Five equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

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Electrolux Stock Performance

Shares of OTCMKTS ELUXY opened at $6.30 on Monday. The company has a debt-to-equity ratio of 3.19, a current ratio of 0.94 and a quick ratio of 0.60. Electrolux has a one year low of $6.16 and a one year high of $19.83. The business’s 50-day moving average price is $11.50 and its two-hundred day moving average price is $13.57. The company has a market capitalization of $891.70 million, a P/E ratio of 24.23, a price-to-earnings-growth ratio of 33.34 and a beta of 1.08.

Electrolux (OTCMKTS:ELUXY – Get Free Report) last announced its quarterly earnings results on Friday, April 24th. The company reported ($0.38) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.61). The firm had revenue of $3.19 billion for the quarter, compared to analyst estimates of $3.40 billion. Electrolux had a net margin of 0.27% and a return on equity of 4.03%.

Electrolux Company Profile

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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.

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