Siemens (OTCMKTS:SIEGY) Downgraded by Zacks Research to Strong Sell

Siemens (OTCMKTS:SIEGY) was downgraded by stock analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued on Monday, Zacks reports.

A number of other research analysts also recently commented on the company. Erste Group Bank upgraded Siemens from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 27th. Jefferies Financial Group cut shares of Siemens from a “buy” rating to a “hold” rating in a research report on Thursday, October 15th. Barclays reaffirmed an “underweight” rating on shares of Siemens in a research note on Monday, July 6th. Evercore lowered shares of Siemens from an “outperform” rating to a “hold” rating in a research report on Friday, October 2nd. Finally, Kepler Capital Markets raised shares of Siemens from a “strong sell” rating to a “hold” rating in a research note on Friday, July 3rd. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Siemens Stock Performance

OTCMKTS SIEGY opened at $148.60 on Monday. The company’s 50 day moving average is $155.34 and its two-hundred day moving average is $149.71. Siemens has a 12 month low of $115.56 and a 12 month high of $169.47.

Siemens (OTCMKTS:SIEGY) last posted its quarterly earnings results on Thursday, August 6th. The technology company reported $1.69 EPS for the quarter, topping analysts’ consensus estimates of $1.50 by $0.19. The business had revenue of $24.02 billion during the quarter, compared to analysts’ expectations of $23.57 billion. Siemens has set its FY 2026 guidance at 6.510-6.685 EPS. Equities research analysts forecast that Siemens will post 6.32 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Siemens stock. Ferguson Wellman Capital Management Inc. boosted its stake in shares of Siemens AG (OTCMKTS:SIEGY) by 0.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 210,670 shares of the technology company’s stock after buying an additional 655 shares during the quarter. Ferguson Wellman Capital Management Inc.’s holdings in Siemens were worth $33,899,000 as of its most recent SEC filing. Institutional investors own 0.75% of the company’s stock.

About Siemens

Siemens AG is a global technology company that develops products, systems and software for industry, infrastructure, mobility and healthcare. Its offerings include industrial automation and control systems, digital manufacturing software, building and energy-management technologies, electrification equipment, rail vehicles and transportation solutions.

Siemens also provides healthcare technology through Siemens Healthineers, in which it holds a majority interest. Siemens Healthineers develops medical imaging, diagnostic, cancer-care and minimally invasive treatment technologies.