ABB Ltd (ADR) (ABB) is Upgraded by Societe Generale to Hold

ABB Ltd (ADR) (ABB) was Upgraded by Societe Generale to ” Hold”. Earlier the firm had a rating of “Sell ” on the company shares. Societe Generale advised their investors in a research report released on Apr 21, 2016.

Many Wall Street Analysts have commented on ABB Ltd (ADR). ABB Ltd (ADR) was Upgraded by JP Morgan to ” Neutral” on Apr 20, 2016. ABB Ltd (ADR) was Downgraded by Nomura to ” Reduce” on Mar 4, 2016. ABB Ltd (ADR) was Resumed by Exane BNP Paribas to “Underperform” on Feb 9, 2016.

On the company’s financial health, ABB Ltd (ADR) reported $0.28 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Apr 20, 2016. Analyst had a consensus of $0.30. The company had revenue of $7903.00 million for the quarter, compared to analysts expectations of $7975.12 million. The company’s revenue was down -7.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.31 EPS.

ABB Ltd (ADR) opened for trading at $19.74 and hit $20.02 on the upside on Monday, eventually ending the session at $19.99, with a gain of 1.01% or 0.2 points. The heightened volatility saw the trading volume jump to 15,86,864 shares. Company has a market cap of $43,811 M.

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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