Electrolux (OTCMKTS:ELUXY) Stock Bumped Up to “Strong-Buy” by Dnb Carnegie

Electrolux (OTCMKTS:ELUXY) was upgraded by Dnb Carnegie from a “hold” rating to a “strong-buy” rating in a report issued on Tuesday, Zacks reports.

Separately, Zacks Research cut shares of Electrolux from a “hold” rating to a “strong sell” rating in a research report on Friday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Electrolux presently has a consensus rating of “Hold”.

Electrolux Trading Up 4.3%

Shares of OTCMKTS:ELUXY opened at $5.55 on Tuesday. The business has a 50-day moving average price of $5.49 and a 200 day moving average price of $10.24. The company has a market capitalization of $785.54 million, a price-to-earnings ratio of -7.12 and a beta of 1.22. Electrolux has a 12-month low of $4.63 and a 12-month high of $19.83.

Electrolux (OTCMKTS:ELUXY) last posted its earnings results on Friday, October 23rd. The company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.12). The business had revenue of $3.42 billion for the quarter, compared to the consensus estimate of $3.35 billion. As a group, equities research analysts predict that Electrolux will post 0.26 earnings per share for the current fiscal year.

Electrolux Company Profile

Electrolux Group is a Swedish home-appliance manufacturer headquartered in Stockholm. Founded in 1919, the company develops and sells appliances and related solutions for food preservation and preparation, laundry care, dishwashing, and household cleaning.

Its product portfolio includes refrigerators, freezers, ovens, cooktops, range hoods, washing machines, tumble dryers, dishwashers, vacuum cleaners, and air-care products. The group markets products under brands including Electrolux, AEG, and Frigidaire, with offerings tailored to residential consumers and, in selected markets, professional customers.

Electrolux serves customers across Europe, North America, Latin America, Asia-Pacific, and other international markets through retail, distribution, and direct channels.