ValuEngine Downgrades ASSA ABLOY AB/S (OTCMKTS:ASAZY) to Hold

ASSA ABLOY AB/S (OTCMKTS:ASAZY) was downgraded by investment analysts at ValuEngine from a “buy” rating to a “hold” rating in a research report issued on Thursday, ValuEngine reports.

Several other equities analysts have also weighed in on ASAZY. Jefferies Financial Group lowered ASSA ABLOY AB/S from a “buy” rating to a “hold” rating in a report on Friday, April 26th. Barclays lowered ASSA ABLOY AB/S from an “overweight” rating to an “equal weight” rating in a report on Wednesday, July 3rd. Finally, Zacks Investment Research lowered ASSA ABLOY AB/S from a “hold” rating to a “sell” rating in a report on Monday, July 22nd. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. ASSA ABLOY AB/S presently has an average rating of “Hold” and a consensus target price of $11.00.

OTCMKTS ASAZY traded down $0.01 on Thursday, hitting $11.41. 65,088 shares of the stock traded hands, compared to its average volume of 131,599. The stock’s fifty day simple moving average is $11.27. ASSA ABLOY AB/S has a 12 month low of $8.32 and a 12 month high of $11.97. The company has a market cap of $25.68 billion, a price-to-earnings ratio of 24.28 and a beta of 0.86. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.06 and a quick ratio of 0.65.

ASSA ABLOY AB/S Company Profile

ASSA ABLOY AB (publ) provides door opening products, solutions, and services for the institutional, commercial, and consumer markets in Europe, the Middle East, Africa, North and South America, Asia, and Oceania. The company offers mechanical and electromechanical locks, digital door locks, cylinders, door fittings, security doors, door frames, industrial high-security fencings and gates, and fire doors, as well as hardware products.

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