AB Electrolux (publ) (OTCMKTS:ELUXY) Upgraded by Citigroup to Neutral

Citigroup upgraded shares of AB Electrolux (publ) (OTCMKTS:ELUXY) from a sell rating to a neutral rating in a report released on Monday morning, MarketBeat.com reports.

AB Electrolux (publ) Trading Up 3.4 %

Shares of AB Electrolux (publ) stock opened at $20.86 on Monday. AB Electrolux has a 12-month low of $20.01 and a 12-month high of $34.64. The stock has a market capitalization of $2.95 billion, a P/E ratio of -8.02 and a beta of 1.27. The company has a 50-day simple moving average of $24.27 and a 200 day simple moving average of $25.77. The company has a quick ratio of 0.61, a current ratio of 0.96 and a debt-to-equity ratio of 1.66.

AB Electrolux (publ) (OTCMKTS:ELUXY) last posted its earnings results on Thursday, July 20th. The company reported ($0.46) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.80). The firm had revenue of $3.10 billion during the quarter. AB Electrolux (publ) had a negative net margin of 2.74% and a negative return on equity of 21.17%. Research analysts expect that AB Electrolux will post 1.11 earnings per share for the current fiscal year.

About AB Electrolux (publ)

AB Electrolux (publ), together with its subsidiaries, manufactures and sells household appliances in Europe, North America, Latin America, the Asia/Pacific, the Middle East, and Africa. 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.