Salzgitter AG (OTCMKTS:SZGPY) Receives Average Recommendation of “Hold” from Brokerages

Salzgitter AG (OTCMKTS:SZGPY) has been given a consensus recommendation of “Hold” by the seven analysts that are covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation, two have assigned a buy recommendation and one has issued a strong buy recommendation on the company.

A number of research analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft raised shares of Salzgitter from a “hold” rating to a “buy” rating in a research report on Tuesday. Morgan Stanley reaffirmed an “underweight” rating on shares of Salzgitter in a report on Monday, November 17th. BNP Paribas upgraded Salzgitter to an “outperform” rating in a research report on Friday, October 3rd. Finally, Zacks Research raised Salzgitter from a “strong sell” rating to a “hold” rating in a research report on Monday, October 13th.

Salzgitter Price Performance

Shares of OTCMKTS SZGPY traded up $0.36 during midday trading on Friday, hitting $4.21. 12,152 shares of the company’s stock were exchanged, compared to its average volume of 6,737. The firm’s fifty day simple moving average is $3.33 and its 200-day simple moving average is $2.79. The company has a market cap of $2.27 billion, a PE ratio of -4.89 and a beta of 1.50. Salzgitter has a twelve month low of $1.58 and a twelve month high of $4.40.

Salzgitter (OTCMKTS:SZGPY) last announced its quarterly earnings results on Monday, November 10th. The basic materials company reported $0.09 EPS for the quarter, beating the consensus estimate of ($0.05) by $0.14. Salzgitter had a negative net margin of 4.45% and a negative return on equity of 9.40%. The company had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.64 billion. Equities analysts anticipate that Salzgitter will post -0.68 EPS for the current fiscal year.

Salzgitter Company Profile

Salzgitter AG, together with its subsidiaries, engages in steel and technology businesses worldwide. It operates through four segments: Steel Production, Steel Processing, Trading, and Technology. The Steel Production segment manufactures steel and special steels, such as hot-rolled wide strip, steel sheet, sections, tailored blanks, as well as scrap trading.