Zacks Investment Research downgraded shares of Salzgitter AG (OTCMKTS:SZGPY) from a hold rating to a sell rating in a report published on Wednesday morning.

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. “

Other research analysts also recently issued research reports about 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 downgraded Salzgitter AG from a buy rating to a reduce rating in a report on Thursday, June 22nd.

Shares of Salzgitter AG (SZGPY) opened at 4.492 on Wednesday. The firm has a 50 day moving average price of $4.45 and a 200-day moving average price of $3.99. Salzgitter AG has a 52-week low of $2.97 and a 52-week high of $4.54. The company has a market cap of $2.43 billion and a price-to-earnings ratio of 19.676.

WARNING: “Salzgitter AG (SZGPY) Downgraded by Zacks Investment Research” was originally published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this report on another website, it was illegally copied and republished in violation of U.S. and international copyright law. The original version of this report can be accessed at https://www.thecerbatgem.com/2017/10/01/salzgitter-ag-szgpy-downgraded-by-zacks-investment-research.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.

Get a free copy of the Zacks research report on Salzgitter AG (SZGPY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Stock 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 stocks with our FREE daily email newsletter.