Salzgitter AG (OTCMKTS:SZGPY) Given Consensus Rating of “Hold” by Analysts

Salzgitter AG (OTCMKTS:SZGPY) has received a consensus rating of “Hold” from the eight brokerages that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and three have given a buy recommendation to the company.

A number of equities analysts have weighed in on SZGPY shares. Citigroup reaffirmed a “neutral” rating on shares of Salzgitter in a research note on Thursday, January 22nd. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Salzgitter in a report on Thursday, February 5th. UBS Group lowered Salzgitter from a “buy” rating to a “hold” rating in a research report on Thursday, January 22nd. Oddo Bhf upgraded Salzgitter from an “underperform” rating to an “outperform” rating in a report on Monday, January 19th. Finally, Morgan Stanley reissued an “underweight” rating on shares of Salzgitter in a research report on Tuesday, January 6th.

Salzgitter Price Performance

OTCMKTS SZGPY opened at $4.36 on Friday. The company has a market cap of $2.36 billion, a P/E ratio of -29.06 and a beta of 1.36. Salzgitter has a 12 month low of $2.09 and a 12 month high of $6.86. The company has a 50-day moving average of $5.57 and a 200-day moving average of $4.51.

Salzgitter (OTCMKTS:SZGPY) last released its earnings results on Thursday, March 19th. The basic materials company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.03). Salzgitter had a negative return on equity of 1.61% and a negative net margin of 0.78%.The company had revenue of $2.46 billion during the quarter. As a group, equities research analysts anticipate that Salzgitter will post -0.68 EPS for the current year.

Salzgitter Company Profile

Salzgitter AG is a leading European steel producer headquartered in Salzgitter, Germany. The company operates an integrated steelworks, encompassing ironmaking, steelmaking, continuous casting and rolling mills. Its core business revolves around the production and processing of steel products for various industries, including automotive, construction, mechanical engineering and energy.

Founded in 1937 as part of Germany’s industrial expansion, Salzgitter evolved through post-war reconstruction and state ownership before being privatized in the late 1990s.