ABB Ltd (OTCMKTS:ABBNY) Given Consensus Rating of “Reduce” by Analysts

Shares of ABB Ltd (OTCMKTS:ABBNY) have been assigned an average recommendation of “Reduce” from the ten brokerages that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating and nine have assigned a hold rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $58.00.

A number of equities research analysts recently commented on the stock. Berenberg Bank upgraded shares of ABB to a “hold” rating in a report on Monday, June 1st. Royal Bank Of Canada reiterated a “sector perform” rating on shares of ABB in a report on Wednesday, May 6th. Citigroup reiterated a “neutral” rating on shares of ABB in a report on Thursday, June 18th. Barclays raised shares of ABB from a “strong sell” rating to a “hold” rating in a research report on Monday, April 13th. Finally, Zacks Research downgraded shares of ABB from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 22nd.

ABB Trading Up 1.9%

OTCMKTS:ABBNY opened at $105.91 on Tuesday. The company has a fifty day moving average of $103.78 and a 200 day moving average of $89.88. ABB has a 52 week low of $58.56 and a 52 week high of $110.20. The company has a quick ratio of 1.05, a current ratio of 1.38 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $193.09 billion, a P/E ratio of 38.94, a P/E/G ratio of 1.69 and a beta of 1.36.

About ABB

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.