ABB Ltd (ADR) (NYSE:ABB) has been downgraded to Hold in a statement by HSBC earlier today.
- Updated: September 17, 2016
HSBC has downgraded ABB Ltd (ADR)(NYSE:ABB) to Hold in a report released on 8/19/2016.
Yesterday ABB Ltd (ADR) (NYSE:ABB) traded 1.35% lower at $21.95. ABB’s 50-day moving average is $21.82 and its 200-day average is $20.44. The last close is up 7.36% from the two hundred day average, compared to the S&P 500 which has fallen -0.01% over the same time period. Trade volume was was up over the average, with 2,274,353 shares of ABB changing hands over the typical 1,741,580 shares..
ABB Ltd (ADR) has a price-earnings of 28 with a one-year low of $15.74 and a one-year high of $22.78. ABB Ltd (ADR)’s total market value is currently $0.0.
A total of 5 analysts have released a ratings update on the stock. Zero rate the company a strong buy, 0 rate the stock a buy, four analyts rate the company a hold, one analyst rate the stock to underperform, and finally 0 firmsrate the company as sell with a consensus target of $19.40
More About ABB Ltd (ADR) (NYSE:ABB)
ABB Ltd (ABB) is engaged in power and automation technologies. The Company manages its business based on five divisions: Discrete Automation and Motion, Low Voltage Products, Process Automation, Power Products and Power Systems. The Discrete Automation and Motion division provides low-voltage and medium-voltage drive products and systems for industrial, commercial and residential applications. The Process Automation division provides engineered solutions, products and services for process control, safety, instrumentation, plant electrification and energy management. The Power Products division offers a portfolio of products and services to facilitate power generation, transmission and distribution. The Power Systems division offers solutions for power and water plants, grid integration and automation, as well as a range of systems and services for the generation, and transmission and distribution of electricity. The Company operates in approximately 100 countries.
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