AB Electrolux (publ) (OTCMKTS:ELUXY) Upgraded by Redburn Atlantic to “Strong-Buy” Rating

Redburn Atlantic upgraded shares of AB Electrolux (publ) (OTCMKTS:ELUXY) from a hold rating to a strong-buy rating in a research note issued to investors on Tuesday morning,Zacks.com reports.

AB Electrolux (publ) Trading Up 0.6 %

AB Electrolux (publ) stock opened at $19.01 on Tuesday. The firm has a market cap of $2.69 billion, a price-to-earnings ratio of -4.85 and a beta of 1.22. AB Electrolux has a 1 year low of $14.19 and a 1 year high of $19.96. The firm’s 50 day moving average price is $16.17 and its two-hundred day moving average price is $17.37. The company has a debt-to-equity ratio of 3.61, a quick ratio of 0.62 and a current ratio of 0.94.

AB Electrolux (publ) (OTCMKTS:ELUXY) last issued its earnings results on Friday, October 25th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.49). AB Electrolux (publ) had a negative return on equity of 30.59% and a negative net margin of 4.21%. The company had revenue of $3.20 billion during the quarter. On average, research analysts predict that AB Electrolux will post -0.42 EPS for the current fiscal year.

AB Electrolux (publ) Company Profile

AB Electrolux (publ), together with its subsidiaries, manufactures and sells household appliances worldwide. The company offers various appliances, such as refrigerators, freezers, cookers, dryers, washing machines, dishwashers, room air-conditioners, microwave ovens, floor-care products, vacuum cleaners, water heaters, heat pumps, and other small domestic appliances, as well as consumables and accessories.