Legrand (OTCMKTS:LGRDY) Stock Rating Upgraded by Royal Bank of Canada

Legrand (OTCMKTS:LGRDY) was upgraded by Royal Bank of Canada from a “strong sell” rating to a “hold” rating in a note issued to investors on Monday,Zacks.com reports.

Legrand Trading Up 0.9 %

OTCMKTS:LGRDY opened at $22.21 on Monday. The firm has a 50-day simple moving average of $20.41 and a 200-day simple moving average of $21.22. Legrand has a one year low of $18.94 and a one year high of $23.63. The firm has a market cap of $29.32 billion, a P/E ratio of 23.18, a P/E/G ratio of 5.98 and a beta of 1.00. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.39 and a current ratio of 1.95.

Legrand (OTCMKTS:LGRDY) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.02. The company had revenue of $2.58 billion during the quarter, compared to the consensus estimate of $2.19 billion. Legrand had a net margin of 13.48% and a return on equity of 16.63%. Equities analysts anticipate that Legrand will post 1.08 EPS for the current fiscal year.

About Legrand

Legrand SA, together with its subsidiaries, manufactures, distributes, and sells electrical and digital building infrastructures in Europe, North and Central America, and internationally. The company offers energy distribution, protection, and management solutions, such as electric vehicle charging, residential and small commercial panels, switchboards and power cabinets, and UPS devices; and wiring devices, connected home and building control solutions, and guestroom solutions, as well as back, junction, DCL, and floor boxes.