Salzgitter AG (OTCMKTS:SZGPY) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Salzgitter AG (OTCMKTS:SZGPY – Get Free Report) have been given an average rating of “Moderate Buy” by the eight ratings firms that are currently covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a hold rating and four have issued a buy rating on the company.

A number of research firms recently weighed in on SZGPY. Morgan Stanley upgraded shares of Salzgitter from an “underweight” rating to an “overweight” rating in a research note on Monday, June 1st. Citigroup reissued a “neutral” rating on shares of Salzgitter in a research report on Wednesday, May 20th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Salzgitter in a research report on Wednesday, May 13th.

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Salzgitter Stock Performance

OTCMKTS:SZGPY opened at $7.10 on Wednesday. The firm has a market cap of $3.84 billion, a PE ratio of 78.89 and a beta of 1.65. The stock has a fifty day moving average price of $5.83 and a 200 day moving average price of $5.41. Salzgitter has a 12-month low of $2.09 and a 12-month high of $7.99.

Salzgitter (OTCMKTS:SZGPY – Get Free Report) last released its earnings results on Tuesday, May 12th. The basic materials company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.08 by $0.09. Salzgitter had a return on equity of 1.02% and a net margin of 0.49%.The firm had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $2.53 billion.

About Salzgitter

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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.

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