ABB (OTCMKTS:ABBNY) Upgraded at Berenberg Bank

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

A number of other brokerages have also commented on ABBNY. Deutsche Bank Aktiengesellschaft raised ABB from a “sell” rating to a “hold” rating in a report on Thursday, April 23rd. Wall Street Zen downgraded ABB from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Zacks Research raised ABB from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 14th. Citigroup reaffirmed a “neutral” rating on shares of ABB in a research report on Thursday, April 23rd. Finally, Kepler Capital Markets downgraded ABB from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. One investment 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 data from MarketBeat, ABB currently has a consensus rating of “Hold” and an average price target of $58.00.

ABB Price Performance

Shares of OTCMKTS:ABBNY opened at $107.79 on Monday. The company’s fifty day moving average is $96.71 and its two-hundred day moving average is $85.50. 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. The company has a market cap of $196.52 billion, a P/E ratio of 39.63, a price-to-earnings-growth ratio of 1.78 and a beta of 1.36.

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.