Osram Licht (OTCMKTS:OSAGF) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday, Zacks.com reports.

According to Zacks, “OSRAM Licht AG is a manufacturer of lights. The company’s product primarily consists of infrared and laser lights, lamps and light-emitting diodes. OSRAM Licht AG is headquartered in Munich, Germany. “

OSAGF has been the topic of a number of other research reports. DZ Bank reissued a “buy” rating on shares of Hugo Boss in a research note on Thursday, July 4th. ValuEngine raised VESTAS WIND SYS/ADR from a “hold” rating to a “buy” rating in a research note on Thursday, May 9th. Six research analysts have rated the stock with a hold rating, Osram Licht currently has a consensus rating of “Hold” and an average target price of $51.00.

Shares of Osram Licht stock opened at $39.33 on Wednesday. Osram Licht has a fifty-two week low of $29.00 and a fifty-two week high of $47.01. The stock has a market cap of $4.12 billion, a price-to-earnings ratio of 13.15, a PEG ratio of 2.17 and a beta of 0.85. The business’s fifty day simple moving average is $33.15. The company has a current ratio of 1.13, a quick ratio of 0.66 and a debt-to-equity ratio of 0.06.

Osram Licht (OTCMKTS:OSAGF) last issued its quarterly earnings results on Wednesday, May 8th. The company reported ($0.34) earnings per share for the quarter. Osram Licht had a positive return on equity of 1.98% and a negative net margin of 3.50%. The business had revenue of $978.91 million for the quarter. On average, analysts forecast that Osram Licht will post 1.21 EPS for the current fiscal year.

Osram Licht Company Profile

OSRAM Licht AG provides various lighting products and solutions worldwide. It operates through three segments: Opto Semiconductors, Specialty Lighting, and Lighting Solutions & Systems. The company manufactures light-emitting diodes (LEDs) that are used in general lighting, automotive, consumer, and industrial applications, as well as infrared, laser, and optical sensors for the automotive, smartphone, wearable, general lighting, industrial lighting, and projection sectors, as well as lighting for plants.

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