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

Shares of Salzgitter AG (OTCMKTS:SZGPY) have earned a consensus rating of “Hold” from the eight research firms that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and three have assigned a buy recommendation to the company.

A number of equities analysts have recently issued reports on the stock. Oddo Bhf upgraded shares of Salzgitter from an “underperform” rating to an “outperform” rating in a research report on Monday, January 19th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Salzgitter in a research note on Thursday, February 5th. Citigroup reissued a “neutral” rating on shares of Salzgitter in a research note on Thursday, January 22nd. UBS Group cut Salzgitter from a “buy” rating to a “hold” rating in a research note on Thursday, January 22nd. Finally, Morgan Stanley reiterated an “underweight” rating on shares of Salzgitter in a report on Tuesday, January 6th.

Salzgitter Price Performance

SZGPY stock opened at $5.64 on Tuesday. The company has a market capitalization of $3.05 billion, a price-to-earnings ratio of -37.60 and a beta of 1.54. Salzgitter has a 12 month low of $2.09 and a 12 month high of $6.86. The firm has a 50 day moving average of $5.42 and a two-hundred day moving average of $4.73.

Salzgitter (OTCMKTS:SZGPY) last issued its quarterly earnings results on Thursday, March 19th. The basic materials company reported ($0.05) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.03). Salzgitter had a negative return on equity of 1.61% and a negative net margin of 0.78%.The business had revenue of $2.46 billion during the quarter. On average, research analysts expect that Salzgitter will post 0.2 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.