Zacks Research Upgrades Schneider Electric (OTCMKTS:SBGSY) to Strong-Buy

Schneider Electric (OTCMKTS:SBGSY) was upgraded by Zacks Research from a “hold” rating to a “strong-buy” rating in a note issued to investors on Wednesday,Zacks.com reports.

A number of other analysts have also recently weighed in on SBGSY. Erste Group Bank raised shares of Schneider Electric from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 27th. Barclays reissued an “overweight” rating on shares of Schneider Electric in a research report on Monday, July 6th. Morgan Stanley reaffirmed an “overweight” rating on shares of Schneider Electric in a research report on Monday, June 29th. Finally, Berenberg Bank upgraded Schneider Electric to a “strong-buy” rating in a report on Monday, June 1st. Four equities research analysts have rated the stock with a Strong Buy rating and seven have given a Buy rating to the company’s stock. According to data from MarketBeat, Schneider Electric currently has an average rating of “Buy”.

Schneider Electric Stock Performance

Schneider Electric stock opened at $68.88 on Wednesday. Schneider Electric has a 52-week low of $48.68 and a 52-week high of $69.87. The firm has a fifty day moving average of $63.19 and a 200-day moving average of $61.14. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.19 and a quick ratio of 0.90.

About Schneider Electric

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.