Salzgitter AG (OTCMKTS:SZGPY) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Salzgitter AG (OTCMKTS:SZGPY) have received an average rating of “Hold” from the eight analysts that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating on the company.

Several equities analysts recently issued reports on SZGPY shares. Citigroup restated a “neutral” rating on shares of Salzgitter in a research report on Thursday, January 22nd. UBS Group lowered Salzgitter from a “buy” rating to a “hold” rating in a research report on Thursday, January 22nd. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Salzgitter in a research report on Wednesday. Finally, Oddo Bhf upgraded Salzgitter from an “underperform” rating to an “outperform” rating in a research report on Monday, January 19th.

Salzgitter Trading Down 1.8%

Shares of Salzgitter stock opened at $6.40 on Friday. The firm has a market capitalization of $3.46 billion, a PE ratio of 71.11 and a beta of 1.56. The business’s 50-day moving average price is $5.19 and its 200-day moving average price is $4.97. Salzgitter has a 12 month low of $2.09 and a 12 month high of $6.86.

Salzgitter (OTCMKTS:SZGPY) last announced its quarterly earnings data on Tuesday, May 12th. The basic materials company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.08 by $0.09. The firm had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.53 billion. Salzgitter had a return on equity of 1.02% and a net margin of 0.49%. As a group, analysts predict that Salzgitter will post 0.2 earnings per share for the current fiscal year.

About Salzgitter

Salzgitter AG is a leading European steel producer headquartered in Salzgitter, Germany. The company operates an integrated steelworks, encompassing ironmaking, steelmaking, continuous casting and rolling mills. Its core business revolves around the production and processing of steel products for various industries, including automotive, construction, mechanical engineering and energy.

Founded in 1937 as part of Germany’s industrial expansion, Salzgitter evolved through post-war reconstruction and state ownership before being privatized in the late 1990s.