ABB Ltd (OTCMKTS:ABBNY) Given Consensus Rating of “Hold” by Brokerages

Shares of ABB Ltd (OTCMKTS:ABBNY) have earned an average rating of “Hold” from the ten analysts that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, eight have given a hold rating and one has given a strong buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $58.00.

A number of analysts have recently issued reports on the stock. Kepler Capital Markets downgraded shares of ABB from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Wall Street Zen downgraded shares of ABB from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Berenberg Bank upgraded shares of ABB to a “hold” rating in a report on Monday. Barclays upgraded shares of ABB from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. Finally, Zacks Research upgraded shares of ABB from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 14th.

ABB Price Performance

OTCMKTS ABBNY opened at $107.42 on Friday. The company has a quick ratio of 1.05, a current ratio of 1.38 and a debt-to-equity ratio of 0.43. ABB has a 12-month low of $56.25 and a 12-month high of $110.20. The company has a market capitalization of $195.84 billion, a PE ratio of 39.49, a price-to-earnings-growth ratio of 1.76 and a beta of 1.36. The firm’s 50 day moving average is $97.21 and its 200-day moving average is $85.75.

ABB Company Profile

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.