Schneider Electric (OTCMKTS:SBGSY) Upgraded at Erste Group Bank

Schneider Electric (OTCMKTS:SBGSY) was upgraded by equities researchers at Erste Group Bank from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Other equities research analysts also recently issued reports about the company. Morgan Stanley reissued an “overweight” rating on shares of Schneider Electric in a research report on Monday, June 29th. Berenberg Bank upgraded Schneider Electric to a “strong-buy” rating in a research report on Monday, June 1st. Finally, Barclays reissued an “overweight” rating on shares of Schneider Electric in a report on Monday, July 6th. Three equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy”.

Schneider Electric Stock Performance

OTCMKTS:SBGSY opened at $61.03 on Monday. The firm’s 50-day moving average is $62.60 and its 200-day moving average is $60.54. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.90 and a current ratio of 1.19. Schneider Electric has a 52-week low of $48.68 and a 52-week high of $67.16.

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.