Salzgitter AG (SZGPY) Cut to Sell at Zacks Investment Research
Zacks Investment Research downgraded shares of Salzgitter AG (OTCMKTS:SZGPY) from a hold rating to a sell rating in a report published on Tuesday.
According to Zacks, “Salzgitter AG is engaged in the production of steel and steel products. Its operating business unit consists of Strip Steel, Plate/Section Steel, Energy, Trading and Technology. Strip Steel unit produces special and branded steels. Plate/Section Steel unit offers heavy plates. Energy unit covers seamless tubes, seam-and spiral-welded large-diameter pipes, stainless steel tubes as well as seamless and welded precision tubes. Trading unit handles sales network and global trading companies and sales offices. Technology unit focuses on machinery and plants for the filling and packaging of beverages. Salzgitter AG is headquartered in Salzgitter, Germany. “
Several other research analysts have also commented on the company. Goldman Sachs Group, Inc. (The) reiterated a neutral rating on shares of Salzgitter AG in a report on Wednesday, July 19th. Kepler Capital Markets lowered Salzgitter AG from a buy rating to a reduce rating in a report on Thursday, June 22nd.
Shares of Salzgitter AG (OTCMKTS:SZGPY) opened at 4.40 on Tuesday. The company’s 50-day moving average is $4.50 and its 200-day moving average is $4.05. Salzgitter AG has a 1-year low of $2.97 and a 1-year high of $4.54. The stock has a market cap of $2.38 billion and a P/E ratio of 19.27.
TRADEMARK VIOLATION NOTICE: This story was originally published by Watch List News and is owned by of Watch List News. If you are viewing this story on another website, it was illegally copied and republished in violation of United States & international trademark & copyright law. The original version of this story can be viewed at https://www.watchlistnews.com/salzgitter-ag-szgpy-cut-to-sell-at-zacks-investment-research/1611391.html.
About Salzgitter AG
Salzgitter Aktiengesellschaft, through its subsidiaries, engages in steel and technology businesses worldwide. It operates through Strip Steel, Plate/Section Steel, Mannesmann, Trading, and Technology business units. The Strip Steel business unit manufactures branded and special steels, such as hot-rolled strip steel, cold-rolled steel, sections, tailored blanks, and components for the construction industry.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Salzgitter AG Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Salzgitter AG and related companies with Analyst Ratings Network's FREE daily email newsletter.