Electrolux (OTCMKTS:ELUXY) Stock Lifted to “Strong-Buy” by Dnb Carnegie

Dnb Carnegie upgraded shares of Electrolux (OTCMKTS:ELUXY) from a hold rating to a strong-buy rating in a research note released on Tuesday morning,Zacks reports.

Separately, Zacks Research lowered shares of Electrolux from a “hold” rating to a “strong sell” rating in a report on Friday, October 23rd. One analyst has rated the stock with a Strong Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold”.

Electrolux Stock Performance

Shares of ELUXY stock opened at $5.55 on Tuesday. The company has a market capitalization of $785.54 million, a price-to-earnings ratio of -7.12 and a beta of 1.22. Electrolux has a one year low of $4.63 and a one year high of $19.83. The company’s 50-day moving average is $5.49 and its 200 day moving average is $10.24.

Electrolux (OTCMKTS:ELUXY) last issued its earnings results on Friday, October 23rd. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.12). The business had revenue of $3.42 billion for the quarter, compared to analyst estimates of $3.35 billion. As a group, research analysts predict that Electrolux will post 0.26 earnings per share for the current fiscal year.

About Electrolux

Electrolux Group is a Swedish home-appliance manufacturer headquartered in Stockholm. Founded in 1919, the company develops and sells appliances and related solutions for food preservation and preparation, laundry care, dishwashing, and household cleaning.

Its product portfolio includes refrigerators, freezers, ovens, cooktops, range hoods, washing machines, tumble dryers, dishwashers, vacuum cleaners, and air-care products. The group markets products under brands including Electrolux, AEG, and Frigidaire, with offerings tailored to residential consumers and, in selected markets, professional customers.

Electrolux serves customers across Europe, North America, Latin America, Asia-Pacific, and other international markets through retail, distribution, and direct channels.