Assa Abloy (OTCMKTS:ASAZY) Upgraded at Citigroup

Citigroup upgraded shares of Assa Abloy (OTCMKTS:ASAZY) from a neutral rating to a buy rating in a research note issued to investors on Thursday, MarketBeat.com reports.

Separately, Barclays raised shares of Assa Abloy from a “strong sell” rating to a “hold” rating in a research report on Thursday, August 21st. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Assa Abloy Trading Down 0.1%

ASAZY opened at $19.22 on Thursday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.68 and a current ratio of 1.10. Assa Abloy has a fifty-two week low of $12.76 and a fifty-two week high of $19.31. The company’s 50-day moving average is $17.76 and its 200 day moving average is $16.44.

Assa Abloy (OTCMKTS:ASAZY) last posted its earnings results on Tuesday, October 21st. The industrial products company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.01). Assa Abloy had a return on equity of 14.54% and a net margin of 9.57%.The business had revenue of $4.05 billion during the quarter, compared to analyst estimates of $3.95 billion. On average, equities research analysts anticipate that Assa Abloy will post 0.69 earnings per share for the current fiscal year.

About Assa Abloy

ASSA ABLOY AB (publ) provides door opening and access products, solutions, and services for the institutional, commercial, and residential markets in Europe, the Middle East, India, Africa, North and South America, Asia, and Oceania. The company provides digital access solutions, such as electronic access control ecosystem, wireless solutions, electronic key solutions, standalone access solutions, and wired solutions; swing, revolving, and sliding doors; mechanical products, including hinges, lever handles, mortise lockcases, euro profile cylinders, panic exit devices, door closers, floor spring, and general hardware; and doors.