Salzgitter AG (OTCMKTS:SZGPY) Given Average Rating of “Hold” by Brokerages

Salzgitter AG (OTCMKTS:SZGPY) has earned an average rating of “Hold” from the nine analysts that are currently covering the company, MarketBeat.com reports. Two investment 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.

SZGPY has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft raised shares of Salzgitter from a “hold” rating to a “buy” rating in a research report on Tuesday, November 25th. Citigroup reiterated a “neutral” rating on shares of Salzgitter in a research report on Friday, December 5th. BNP Paribas raised shares of Salzgitter to an “outperform” rating in a research note on Friday, October 3rd. Zacks Research raised shares of Salzgitter from a “strong sell” rating to a “hold” rating in a research note on Monday, October 13th. Finally, UBS Group raised Salzgitter from a “hold” rating to a “buy” rating in a research report on Monday, December 8th.

Salzgitter Stock Down 2.6%

SZGPY opened at $4.64 on Wednesday. The stock has a fifty day moving average of $3.72 and a 200-day moving average of $3.02. The firm has a market capitalization of $2.51 billion, a P/E ratio of -11.60 and a beta of 1.47. Salzgitter has a 12-month low of $1.58 and a 12-month high of $5.01.

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

Salzgitter Company Profile

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.