ABB (NYSE:ABBNY) Raised to “Strong-Buy” at Dnb Nor Markets

ABB (NYSE:ABBNY) was upgraded by equities researchers at Dnb Nor Markets from a “hold” rating to a “strong-buy” rating in a research report issued on Tuesday,Zacks.com reports.

Separately, Sanford C. Bernstein lowered ABB from a “market perform” rating to an “underperform” rating in a report on Monday, January 6th.

ABB Stock Performance

Shares of ABBNY opened at $49.69 on Tuesday. The company has a 50-day moving average of $55.32 and a two-hundred day moving average of $56.05. ABB has a one year low of $45.13 and a one year high of $59.67. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.37 and a quick ratio of 0.99. The stock has a market cap of $92.45 billion, a price-to-earnings ratio of 23.44, a PEG ratio of 2.48 and a beta of 1.16.

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.