Rexel (OTCMKTS:RXEEY) Stock Rating Upgraded by Zacks Research

Rexel (OTCMKTS:RXEEY) was upgraded by analysts at Zacks Research to a “hold” rating in a research note issued on Tuesday,Zacks.com reports.

Separately, Jefferies Financial Group upgraded shares of Rexel from a “hold” rating to a “buy” rating in a research note on Wednesday, April 8th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Rexel Stock Performance

Shares of OTCMKTS RXEEY opened at $41.79 on Tuesday. Rexel has a fifty-two week low of $27.94 and a fifty-two week high of $47.13. The firm’s 50-day simple moving average is $42.60 and its 200 day simple moving average is $41.07.

Rexel Company Profile

Rexel is a global distributor specializing in electrical supplies and services for residential, commercial and industrial markets. The company’s product portfolio includes wiring, lighting, automation and control systems, energy management solutions, safety equipment and renewable energy products. Rexel supports its customers with technical expertise, digital tools and value-added services such as inventory management, project management and on-site support.

Headquartered in Paris, France, Rexel operates in more than 25 countries across Europe, North America, Asia-Pacific and Latin America.