Assa Abloy (ASAZY) Receives Downgrade From Morgan Stanley. Will Other Analysts Follow Suit?

ASSA ABLOY AB (OTCMKTS:publ) Logo

Assa Abloy (ASAZY) Receives a Downgrade

Equity analysts at Morgan Stanley’s equities division decreased the rating for shares of Assa Abloy (ASAZY) from a Overweight to a Equal-Weight on Thursday, 6 December.

The stock decreased 3.20% or $0.3 during the last trading session, reaching $8.93. About shares traded. ASSA ABLOY AB (ASAZY) has 0.00% since December 7, 2017 and is . It has underperformed by 15.62% the S&P500.

ASSA ABLOY AB provides door opening solutions in Europe, North America, South America, the Asia Pacific, the Middle East, and Africa. The company has market cap of $19.79 billion. The firm offers mechanical and electromechanical locks, digital door locks, cylinders, security doors, fire doors, door frames, industrial high-security fencing and gates, hardware, and fittings. It has a 50.17 P/E ratio. It also provides secure identity solutions primarily in identity and access management, and contactless identification technology solutions under the HID Global brand to healthcare, education, financial, government, and state institutions; and electronic lock systems, safes, energy management systems, and minibars for hotels and cruise ships under the VingCard and Elsafe product brands.

Another recent and important ASSA ABLOY AB (OTCMKTS:publ) news was published by Seekingalpha.com which published an article titled: “Patriot One: Security Of The Future? – Seeking Alpha” on November 08, 2018.

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