AB Electrolux (publ) (OTCMKTS:ELUXY) Raised to “Strong-Buy” at Redburn Atlantic

AB Electrolux (publ) (OTCMKTS:ELUXY) was upgraded by equities research analysts at Redburn Atlantic from a “hold” rating to a “strong-buy” rating in a research report issued on Tuesday,Zacks.com reports.

AB Electrolux (publ) Stock Up 0.6 %

Shares of OTCMKTS ELUXY opened at $19.01 on Tuesday. The company has a debt-to-equity ratio of 3.61, a quick ratio of 0.62 and a current ratio of 0.94. The company has a market capitalization of $2.69 billion, a P/E ratio of -4.85 and a beta of 1.22. The company’s 50 day moving average price is $16.17 and its 200-day moving average price is $17.37. AB Electrolux has a 52-week low of $14.19 and a 52-week high of $19.96.

AB Electrolux (publ) (OTCMKTS:ELUXY) last announced its quarterly earnings data 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 net margin of 4.21% and a negative return on equity of 30.59%. The business had revenue of $3.20 billion during the quarter. Equities analysts forecast that AB Electrolux will post -0.42 earnings per share for the current year.

About AB Electrolux (publ)

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.