ABB (OTCMKTS:ABBNY) Upgraded to Hold at Berenberg Bank

Berenberg Bank upgraded shares of ABB (OTCMKTS:ABBNY) to a hold rating in a report published on Monday,Zacks.com reports.

A number of other equities analysts have also commented on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of ABB from a “sell” rating to a “hold” rating in a report on Thursday, April 23rd. Royal Bank Of Canada reiterated a “sector perform” rating on shares of ABB in a report 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. Kepler Capital Markets lowered shares of ABB from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Finally, Citigroup restated a “neutral” rating on shares of ABB in a report on Thursday, April 23rd. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, ABB presently has an average rating of “Hold” and an average target price of $58.00.

ABB Price Performance

Shares of OTCMKTS:ABBNY opened at $107.79 on Monday. The firm 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 firm’s fifty day moving average is $96.71 and its 200-day moving average is $85.50. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.05 and a current ratio of 1.38. ABB has a 52 week low of $56.25 and a 52 week high of $110.20.

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.