Siemens AG (OTCMKTS:SIEGY) Receives Average Rating of “Hold” from Brokerages

Siemens AG (OTCMKTS:SIEGY) has been given an average recommendation of “Hold” by the eleven brokerages that are currently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company.

A number of research firms have weighed in on SIEGY. Kepler Capital Markets lowered Siemens from a “hold” rating to a “reduce” rating in a research note on Tuesday, January 27th. Sanford C. Bernstein initiated coverage on shares of Siemens in a research note on Wednesday, January 7th. They issued an “outperform” rating on the stock. Citigroup reissued a “buy” rating on shares of Siemens in a research report on Friday, February 13th. Evercore started coverage on shares of Siemens in a research report on Monday, December 15th. They set an “outperform” rating on the stock. Finally, Erste Group Bank lowered Siemens from a “strong-buy” rating to a “hold” rating in a report on Monday, November 10th.

Siemens Stock Performance

Shares of OTCMKTS:SIEGY opened at $141.42 on Friday. The company has a current ratio of 1.37, a quick ratio of 1.15 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $226.27 billion, a price-to-earnings ratio of 25.02 and a beta of 1.25. Siemens has a 12 month low of $94.55 and a 12 month high of $161.80. The firm’s 50-day moving average is $146.36 and its 200 day moving average is $139.77.

Siemens (OTCMKTS:SIEGY) last released its earnings results on Thursday, February 12th. The technology company reported $1.50 EPS for the quarter, beating analysts’ consensus estimates of $1.27 by $0.23. Siemens had a return on equity of 12.37% and a net margin of 9.93%.The firm had revenue of $22.70 billion for the quarter, compared to analysts’ expectations of $18.95 billion. Research analysts predict that Siemens will post 6.59 EPS for the current year.

About Siemens

Siemens AG is a German multinational conglomerate headquartered in Munich that develops and sells infrastructure and industrial technology. The company’s activities cover a broad range of engineering and technology solutions, including industrial automation and control systems, software for product lifecycle and factory automation, building and energy management systems, and transportation solutions such as rolling stock and rail signaling. Siemens serves industrial, commercial and public-sector customers with products and turnkey systems as well as lifecycle services and digital solutions.

Siemens operates through multiple business units that emphasize digitalization, electrification and automation across industries.