Salzgitter AG (OTCMKTS:SZGPY) Receives Average Rating of “Hold” from Analysts

Salzgitter AG (OTCMKTS:SZGPY) has been assigned a consensus recommendation of “Hold” from the nine analysts that are presently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company.

Several analysts have recently commented on the company. BNP Paribas raised Salzgitter to an “outperform” rating in a research note on Friday, October 3rd. Zacks Research raised Salzgitter from a “strong sell” rating to a “hold” rating in a research report on Monday, October 13th. Citigroup reaffirmed a “neutral” rating on shares of Salzgitter in a report on Friday, December 5th. UBS Group upgraded shares of Salzgitter from a “hold” rating to a “buy” rating in a research note on Monday, December 8th. Finally, Morgan Stanley reissued an “underweight” rating on shares of Salzgitter in a research report on Tuesday, January 6th.

Salzgitter Stock Performance

Shares of OTCMKTS SZGPY opened at $5.59 on Friday. The company has a 50-day moving average price of $4.44 and a 200-day moving average price of $3.42. Salzgitter has a 1 year low of $1.58 and a 1 year high of $5.88.

Salzgitter (OTCMKTS:SZGPY) last posted its earnings results on Monday, November 10th. The basic materials company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.14. Salzgitter had a negative net margin of 2.09% and a negative return on equity of 4.31%. The company had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.64 billion. On average, research analysts anticipate that Salzgitter will post -0.68 EPS 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.