Rating Worth Watching: Exane BNP Paribas: Time To Have Faith In Assa Abloy (OTCMKTS:ASAZY)

November 29, 2016 - By Linda Rogers

Rating Worth Watching:  Exane BNP Paribas: Time To Have Faith In Assa Abloy (OTCMKTS:ASAZY)

Assa Abloy (OTCMKTS:ASAZY) Upgrade

In a a note issued to investors and clients on Tuesday morning, investment analysts at Exane BNP Paribas’s equities research division increased Assa Abloy (OTCMKTS:ASAZY)‘s stock from a Neutral to Outperform.

ASSA ABLOY UNSP ADR EA REP 0.5 ORD SHS (OTCMKTS:ASAZY) Ratings Coverage

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. On Thursday, October 6 the stock rating was upgraded by Goldman Sachs to “Buy”. The company was upgraded on Wednesday, October 21 by Swedbank.

About 73,174 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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