Salzgitter AG (OTCMKTS:SZGPY) Stock Now Rated “Moderate Buy” by Wall Street Brokerages

Shares of Salzgitter AG (OTCMKTS:SZGPY) have been assigned a consensus recommendation of “Moderate Buy” from the seven brokerages that are covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company.

Several research firms have recently weighed in on SZGPY. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Salzgitter in a research report on Friday, September 4th. Jefferies Financial Group upgraded Salzgitter from a “hold” rating to a “buy” rating in a research report on Monday, July 13th. UBS Group upgraded Salzgitter from a “hold” rating to a “buy” rating in a research report on Friday, October 9th. Finally, Zacks Research raised Salzgitter to a “hold” rating in a research note on Thursday, July 16th.

Salzgitter Stock Down 0.4%

Shares of OTCMKTS SZGPY opened at $5.39 on Tuesday. The company has a market capitalization of $2.92 billion, a PE ratio of 44.92 and a beta of 1.70. Salzgitter has a twelve month low of $2.97 and a twelve month high of $7.99. The firm has a fifty day simple moving average of $6.00 and a 200 day simple moving average of $5.95.

Salzgitter (OTCMKTS:SZGPY) last issued its quarterly earnings results on Tuesday, August 11th. The basic materials company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.15). Salzgitter had a net margin of 0.65% and a return on equity of 1.29%. The firm had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.42 billion. As a group, equities analysts expect that Salzgitter will post 0.14 earnings per share for the current fiscal year.

About Salzgitter

Salzgitter AG is a Germany-based steel and technology group headquartered in Salzgitter, Lower Saxony. The company produces and processes a broad range of steel products, including flat steel, plate, sections, sheet piling and other long products, as well as tubes and precision steel products. Its products serve industries such as automotive manufacturing, construction, mechanical engineering, energy and infrastructure.

The group operates through businesses focused on steel production, steel processing, trading and technology.