Zacks Investment Research downgraded shares of Siemens (OTCMKTS:SIEGY) from a buy rating to a hold rating in a research note published on Friday.
According to Zacks, “SIEMENS AG-ADR is the world’s largest supplier of products, systems, solutions and services for industrial automation and building technology. This business area includes Automation and Drives Industrial Solutions and Services Siemens Dematic Siemens Building Technologies AG. “
A number of other analysts also recently issued reports on the stock. ValuEngine raised shares of Siemens from a hold rating to a buy rating in a report on Wednesday, March 7th. Morgan Stanley raised shares of Siemens from an equal weight rating to an overweight rating in a report on Monday, December 11th. Finally, Barclays downgraded shares of Siemens from an equal weight rating to an underweight rating in a report on Tuesday, December 5th.
Siemens (OTCMKTS:SIEGY) last posted its quarterly earnings data on Wednesday, January 31st. The technology company reported $1.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.46 by $0.08. Siemens had a net margin of 7.59% and a return on equity of 15.45%. The company had revenue of $23.35 billion during the quarter, compared to the consensus estimate of $24.69 billion. research analysts predict that Siemens will post 5.05 earnings per share for the current fiscal year.
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Siemens AG is a Germany-based technology company with activities in the fields of electrification, automation and digitalization. It is also a supplier of systems for power generation and transmission, as well as medical diagnosis. It operates through nine segments: Power and Gas; Wind Power and Renewables; Energy Management; Building Technologies; Mobility; Digital Factory; Process Industries and Drives; Healthineers, and Financial Services.
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