ABB (OTCMKTS:ABBNY) Upgraded at Berenberg Bank

Berenberg Bank upgraded shares of ABB (OTCMKTS:ABBNY) to a hold rating in a research note issued to investors on Monday morning,Zacks.com reports.

ABBNY has been the subject of several other reports. Citigroup restated a “neutral” rating on shares of ABB in a report on Thursday, April 23rd. Barclays upgraded ABB from a “strong sell” rating to a “hold” rating in a research report on Monday, April 13th. Royal Bank Of Canada restated a “sector perform” rating on shares of ABB in a report on Wednesday, May 6th. Wall Street Zen lowered shares of ABB from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Kepler Capital Markets downgraded shares of ABB from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. One 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 company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $58.00.

ABB Stock Down 1.1%

Shares of ABB stock opened at $107.79 on Monday. The business has a fifty day simple moving average of $96.71 and a 200 day simple moving average of $85.50. The stock has a market cap of $196.52 billion, a PE ratio of 39.63, a price-to-earnings-growth ratio of 1.78 and a beta of 1.36. The company has a quick ratio of 1.05, a current ratio of 1.38 and a debt-to-equity ratio of 0.43. ABB has a 12 month low of $56.25 and a 12 month 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.