Zacks Research Upgrades Rexel (OTCMKTS:RXEEY) to “Hold”

Rexel (OTCMKTS:RXEEY) was upgraded by Zacks Research to a “hold” rating in a research note issued on Tuesday,Zacks.com reports.

Separately, Jefferies Financial Group upgraded Rexel from a “hold” rating to a “buy” rating in a report on Wednesday, April 8th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Rexel currently has a consensus rating of “Moderate Buy”.

Rexel Stock Down 1.4%

Shares of Rexel stock opened at $41.79 on Tuesday. Rexel has a 12 month low of $27.94 and a 12 month high of $47.13. The stock’s fifty day simple moving average is $42.60 and its 200 day simple moving average is $41.07.

About Rexel

Rexel is a global distributor specializing in electrical supplies and services for residential, commercial and industrial markets. The company’s product portfolio includes wiring, lighting, automation and control systems, energy management solutions, safety equipment and renewable energy products. Rexel supports its customers with technical expertise, digital tools and value-added services such as inventory management, project management and on-site support.

Headquartered in Paris, France, Rexel operates in more than 25 countries across Europe, North America, Asia-Pacific and Latin America.