ABB (OTCMKTS:ABBNY) Upgraded at Berenberg Bank

ABB (OTCMKTS:ABBNY) was upgraded by equities researchers at Berenberg Bank to a “hold” rating in a note issued to investors on Monday,Zacks.com reports.

Several other equities analysts also recently commented on ABBNY. Royal Bank Of Canada reissued a “sector perform” rating on shares of ABB in a research note on Wednesday, May 6th. Wall Street Zen downgraded shares of ABB from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Deutsche Bank Aktiengesellschaft raised ABB from a “sell” rating to a “hold” rating in a research note on Thursday, April 23rd. Citigroup reaffirmed a “neutral” rating on shares of ABB in a research note on Thursday, April 23rd. Finally, Kepler Capital Markets lowered shares of ABB from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, ABB currently has an average rating of “Hold” and a consensus price target of $58.00.

ABB Stock Performance

OTCMKTS ABBNY opened at $107.79 on Monday. The company has a current ratio of 1.38, a quick ratio of 1.05 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $196.52 billion, a price-to-earnings ratio of 39.63, a P/E/G ratio of 1.78 and a beta of 1.36. The firm’s 50 day simple moving average is $96.71 and its 200 day simple moving average is $85.50. ABB has a 1 year low of $56.25 and a 1 year high of $110.20.

ABB Company Profile

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.