Zacks Research Upgrades Electrolux (OTCMKTS:ELUXY) to “Hold”

Electrolux (OTCMKTS:ELUXY) was upgraded by research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

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

Electrolux Stock Performance

ELUXY opened at $6.30 on Monday. The company has a quick ratio of 0.60, a current ratio of 0.94 and a debt-to-equity ratio of 3.19. Electrolux has a 12-month low of $6.16 and a 12-month high of $19.83. The business has a 50 day moving average of $11.50 and a 200-day moving average of $13.57. The stock has a market cap of $891.70 million, a price-to-earnings ratio of 24.23, a PEG ratio of 33.34 and a beta of 1.08.

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

Electrolux Company Profile

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.