Zacks Investment Research downgraded ABB Ltd (ADR) (NYSE:ABB) to Sell in a report released today.
- Updated: October 6, 2016
Yesterday ABB Ltd (ADR) (NYSE:ABB) traded 0.22% higher at $22.80. ABB Ltd (ADR)’s 50-day average is $22.26 and its two hundred day average is $20.87. With the last close up 9.30% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 820,725 shares of the stock were exchanged, down from an average volume of 1,635,320
Zacks Investment Research has downgraded ABB Ltd (ADR) (NYSE:ABB) to Sell in a statement released on 10/06/2016.
Recent Performance Chart
With a total market value of $0, ABB Ltd (ADR) has price-earnings ratio of 29.58 with a one year low of $15.74 and a 52 week high of $22.90 .
Also covering ABB Ltd (ADR)'s stock price target, a total of 5 brokers have issued a ratings update on the stock. The consensus target price is $19.40 with zero equity analysts rating the company a strong buy, zero brokerages rating the company a buy, 4 brokers rating the stock a hold, one equity analyst rating the company a underperform, and finally 0 analysts rating the stock a sell.
General Company Details For 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, transmission and distribution of electricity. The Company operates in approximately 100 countries.
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