SCHNEIDER ELEC /ADR (OTCMKTS:SBGSY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday, Zacks.com reports.
According to Zacks, “Schneider Electric SA offers integrated solutions across multiple market segments energy and infrastructure, industrial processes, building automation, and data centers or networks, as well as in residential applications. The Company is focused on making energy safe, reliable, and efficient. Its power management systems offers high density metering, energy tariff optimization, power quality mitigation, local LV/MV protection & control, intelligent power & motor control, renewable energy conversion and electric vehicle recharging. Its process and machine management system offers general machines control, packaging control and material handling control and hoisting control. Its IT / server room management systems offer rack systems, uninterruptible power supply, cooling control and surveillance. It also has building management systems and security management systems. Schneider Electric SA is headquartered in Rueil Malmaison, France. “
A number of other equities research analysts have also recently commented on the stock. UBS Group raised shares of SCHNEIDER ELEC /ADR from a “neutral” rating to a “buy” rating in a report on Monday, March 25th. ValuEngine raised shares of SCHNEIDER ELEC /ADR from a “sell” rating to a “hold” rating in a report on Friday, February 22nd. Royal Bank of Canada started coverage on shares of SCHNEIDER ELEC /ADR in a report on Tuesday, January 15th. They set an “outperform” rating on the stock. Finally, Bank of America reissued a “neutral” rating on shares of SCHNEIDER ELEC /ADR in a report on Tuesday, January 8th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold”.
About SCHNEIDER ELEC /ADR
Schneider Electric SE provides energy management and automation solutions worldwide. It operates through four businesses: Low Voltage, Medium Voltage, Secure Power, and Industrial Automation. The Low Voltage business provides low voltage power and building automation products and solutions that address the needs of various end markets from buildings to industries and infrastructure to data centers.
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