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

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

SZGPY has been the topic of a number of research analyst reports. Morgan Stanley reiterated an “underweight” rating on shares of Salzgitter in a research note on Tuesday, January 6th. Citigroup reaffirmed a “neutral” rating on shares of Salzgitter in a research report on Thursday, January 22nd. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Salzgitter in a research note on Thursday, February 5th. UBS Group lowered shares of Salzgitter from a “buy” rating to a “hold” rating in a research report on Thursday, January 22nd. Finally, Oddo Bhf upgraded shares of Salzgitter from an “underperform” rating to an “outperform” rating in a research note on Monday, January 19th.

Salzgitter Price Performance

OTCMKTS:SZGPY opened at $6.40 on Monday. The company’s 50 day moving average is $5.62 and its 200-day moving average is $4.12. Salzgitter has a 12 month low of $2.03 and a 12 month high of $6.86. The firm has a market cap of $3.46 billion, a price-to-earnings ratio of -16.00 and a beta of 1.36.

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.