Siemens (OTCMKTS:SIEGY) Upgraded by Zacks Investment Research to Hold

Zacks Investment Research upgraded shares of Siemens (OTCMKTS:SIEGY) from a sell rating to a hold rating in a report released on Friday, reports.

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. “

Other analysts have also issued reports about the company. Deutsche Bank raised Siemens from a hold rating to a buy rating in a research note on Wednesday, September 4th. ValuEngine lowered Siemens from a hold rating to a sell rating in a research note on Thursday, July 11th. Societe Generale raised Siemens from a hold rating to a buy rating in a research note on Tuesday, July 23rd. Finally, Credit Suisse Group raised Siemens from a neutral rating to an outperform rating in a research note on Tuesday, May 21st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. Siemens has an average rating of Hold and a consensus target price of $65.00.

OTCMKTS:SIEGY opened at $53.18 on Friday. The stock’s 50-day simple moving average is $50.65 and its 200 day simple moving average is $55.80. The firm has a market capitalization of $90.61 billion, a PE ratio of 13.16, a price-to-earnings-growth ratio of 1.55 and a beta of 1.08. The company has a quick ratio of 0.96, a current ratio of 1.26 and a debt-to-equity ratio of 0.55. Siemens has a twelve month low of $46.85 and a twelve month high of $65.89.

Siemens (OTCMKTS:SIEGY) last released its quarterly earnings data on Thursday, August 1st. The technology company reported $0.71 earnings per share for the quarter, missing the consensus estimate of $0.89 by ($0.18). The business had revenue of $23.91 billion during the quarter, compared to analyst estimates of $23.42 billion. Siemens had a net margin of 5.18% and a return on equity of 9.15%. On average, analysts anticipate that Siemens will post 3.91 EPS for the current fiscal year.

Siemens Company Profile

Siemens Aktiengesellschaft operates in the fields of electrification, automation, and digitalization worldwide. Its Power and Gas segment offers gas and steam turbines, generators, compressor trains, integrated power plant solutions, and instrumentation and control systems for power generation. The company's Energy Management segment offers software, products, systems, solutions, and services for transmitting, distributing, and managing electrical power, as well as for providing intelligent power infrastructure.

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