November 29, 2016 - By Richard Conner
In a note issued to clients on 29 November, Exane BNP Paribas has raised Assa Abloy (OTCMKTS:ASAZY) stock to a Outperform. ASAZY’s old rating was Neutral.
Out of 2 analysts covering Assa Abloy (OTCMKTS:ASAZY), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Assa Abloy has been the topic of 2 analyst reports since October 21, 2015 according to StockzIntelligence Inc. The company was upgraded on Thursday, October 6 by Goldman Sachs. Swedbank upgraded ASSA ABLOY UNSP ADR EA REP 0.5 ORD SHS (OTCMKTS:ASAZY) on Wednesday, October 21 to “Buy” rating.
About 41,197 shares traded hands. ASSA ABLOY UNSP ADR EA REP 0.5 ORD SHS (OTCMKTS:ASAZY) has declined 10.81% since April 26, 2016 and is downtrending. It has underperformed by 16.07% the S&P500.
Analysts await ASSA ABLOY UNSP ADR EA REP 0.5 ORD SHS (OTCMKTS:ASAZY) to report earnings on February, 13.
According to Zacks Investment Research, “Assa Abloy AB offers locks and security products. Its product offer include mechanical locks such as door locks and cylinder locks and security doors, electromechanical locks, electronic locks, door closers, door automatics, access control systems. Assa Abloy also provides secure identity solutions, contactless identification technology solutions, electronic lock systems and safes for hotels and cruise ships. The Company primarily sells in Europe and in North America. Assa Abloy AB is based in Stockholm, Sweden.”
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