Electrolux AB (ELUXY) Rating Increased to Hold at Zacks Investment Research

Electrolux AB (NASDAQ:ELUXY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Tuesday.

According to Zacks, “Electrolux AB manufactures appliances and outdoor and industrial products. The Company produces household and commercial appliances, vacuum cleaners and other floor care machines, sewing machines, chain saws, lawn mowers, weed eaters, aluminum extrusions, conveyor systems and archive systems and recycles scrap metals and waste paper. Products are sold in Europe, North America and Asia. “

ELUXY has been the topic of several other research reports. Royal Bank Of Canada cut Electrolux AB from an “outperform” rating to a “sector perform” rating in a report on Thursday, July 21st. Morgan Stanley cut Electrolux AB from an “overweight” rating to an “equal weight” rating in a report on Thursday, July 21st. Finally, RBC Capital Markets cut Electrolux AB from an “outperform” rating to a “sector perform” rating in a report on Thursday, July 21st.

Shares of Electrolux AB (NASDAQ:ELUXY) opened at 50.33 on Tuesday. The company has a 50-day moving average of $50.96 and a 200-day moving average of $52.80. The stock has a market capitalization of $7.23 billion and a P/E ratio of 24.34. Electrolux AB has a 52 week low of $41.22 and a 52 week high of $62.54.

Electrolux AB Company Profile

Electrolux AB is a Sweden-based company engaged in producing home appliances. The Company operates through two business areas: consumer durables, which includes its five segments: Major Appliances Europe, Middle East and Africa, Major Appliances North America, Major Appliances Latin America, Major Appliances Asia/ Pacific, and Small Appliances, and professional products business, which includes the Company’s Professional Products segment.

5 Day Chart for NASDAQ:ELUXY

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