Salzgitter AG (OTCMKTS:SZGPY) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Salzgitter AG (OTCMKTS:SZGPY) have been assigned a consensus rating of “Hold” from the nine ratings firms that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company.

Several equities analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft raised shares of Salzgitter from a “hold” rating to a “buy” rating in a research report on Tuesday, November 25th. Oddo Bhf raised shares of Salzgitter from an “underperform” rating to an “outperform” rating in a report on Monday, January 19th. Morgan Stanley reiterated an “underweight” rating on shares of Salzgitter in a research note on Tuesday, January 6th. Citigroup reissued a “neutral” rating on shares of Salzgitter in a report on Thursday, January 22nd. Finally, UBS Group lowered Salzgitter from a “buy” rating to a “hold” rating in a research note on Thursday, January 22nd.

Salzgitter Trading Down 0.1%

Shares of SZGPY stock opened at $5.41 on Thursday. Salzgitter has a 12-month low of $1.72 and a 12-month high of $5.88. The business’s fifty day simple moving average is $4.99 and its 200-day simple moving average is $3.68. The company has a market cap of $2.92 billion, a PE ratio of -13.51 and a beta of 1.41.

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