Schneider Electric (OTCMKTS:SBGSY) Downgraded by Zacks Research to Hold

Zacks Research downgraded shares of Schneider Electric (OTCMKTS:SBGSY) from a strong-buy rating to a hold rating in a research note issued to investors on Thursday,Zacks reports.

A number of other equities research analysts have also issued reports on SBGSY. Erste Group Bank upgraded shares of Schneider Electric from a “hold” rating to a “strong-buy” rating in a report on Monday, July 27th. Berenberg Bank upgraded shares of Schneider Electric to a “strong-buy” rating in a research note on Monday, June 1st. Morgan Stanley reissued an “overweight” rating on shares of Schneider Electric in a research report on Monday, June 29th. Finally, Barclays restated an “overweight” rating on shares of Schneider Electric in a report on Monday, July 6th. Three analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy”.

Schneider Electric Price Performance

OTCMKTS SBGSY opened at $66.78 on Thursday. Schneider Electric has a 1-year low of $50.61 and a 1-year high of $71.98. The company has a quick ratio of 0.90, a current ratio of 1.19 and a debt-to-equity ratio of 0.61. The stock has a 50-day moving average of $65.43 and a two-hundred day moving average of $62.73.

Institutional Investors Weigh In On Schneider Electric

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Madison Asset Management LLC lifted its position in Schneider Electric by 2.7% in the second quarter. Madison Asset Management LLC now owns 246,582 shares of the industrial products company’s stock valued at $16,072,000 after acquiring an additional 6,591 shares during the last quarter. Azimuth Capital Investment Management LLC purchased a new position in shares of Schneider Electric during the second quarter worth about $11,623,000. Elefante Mark B increased its position in shares of Schneider Electric by 10.0% during the second quarter. Elefante Mark B now owns 96,539 shares of the industrial products company’s stock worth $6,292,000 after purchasing an additional 8,800 shares in the last quarter. Finally, Notis McConarty Edward lifted its holdings in shares of Schneider Electric by 0.5% in the 2nd quarter. Notis McConarty Edward now owns 85,119 shares of the industrial products company’s stock valued at $5,548,000 after purchasing an additional 425 shares during the last quarter. 0.83% of the stock is currently owned by institutional investors and hedge funds.

Schneider Electric Company Profile

Schneider Electric is a global specialist in energy management and automation solutions, offering products and services that help customers optimize the use of electrical power and industrial processes. Headquartered in Rueil-Malmaison, France, the company traces its industrial roots back to the 19th century and has evolved into a technology-driven provider of electrical distribution, control and automation equipment, and related software and services.

The company’s portfolio spans low- and medium-voltage electrical distribution, building and home automation, industrial automation and control systems, critical power and cooling for data centers, and integrated software platforms that enable monitoring, analytics and remote operations.