Citigroup Upgrades ABB (NYSE:ABBNY) to “Strong-Buy”

ABB (NYSE:ABBNY) was upgraded by stock analysts at Citigroup from a “hold” rating to a “strong-buy” rating in a report released on Monday,Zacks.com reports.

ABBNY has been the topic of several other reports. Wall Street Zen upgraded shares of ABB from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 18th. Dnb Nor Markets upgraded shares of ABB from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 1st. Barclays restated an “underweight” rating on shares of ABB in a research note on Tuesday, July 15th. Kepler Capital Markets lowered shares of ABB from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 17th. Finally, Cfra Research cut shares of ABB from a “moderate buy” rating to a “hold” rating in a research note on Monday, April 21st. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.

ABB Stock Performance

Shares of ABBNY opened at $65.06 on Monday. ABB has a 12 month low of $45.36 and a 12 month high of $65.99. The firm has a fifty day simple moving average of $58.23 and a 200 day simple moving average of $55.52. The stock has a market capitalization of $119.96 billion, a price-to-earnings ratio of 30.69, a PEG ratio of 2.48 and a beta of 1.15. The company has a current ratio of 1.37, a quick ratio of 0.99 and a debt-to-equity ratio of 0.44.

About ABB

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.