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

Salzgitter AG (OTCMKTS:SZGPY) has received a consensus rating of “Hold” from the nine analysts that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company.

SZGPY has been the subject of several research reports. Morgan Stanley reiterated an “underweight” rating on shares of Salzgitter in a report on Tuesday, January 6th. Oddo Bhf raised shares of Salzgitter from an “underperform” rating to an “outperform” rating in a research report on Monday, January 19th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Salzgitter in a research note on Thursday, February 5th. UBS Group lowered shares of Salzgitter from a “buy” rating to a “hold” rating in a research note on Thursday, January 22nd. Finally, Citigroup reaffirmed a “neutral” rating on shares of Salzgitter in a research note on Thursday, January 22nd.

Salzgitter Stock Performance

OTCMKTS SZGPY opened at $6.40 on Monday. Salzgitter has a 1-year low of $2.03 and a 1-year high of $6.86. The firm’s fifty day simple moving average is $5.62 and its 200-day simple moving average is $4.12. The company has a market capitalization of $3.46 billion, a PE ratio of -16.00 and a beta of 1.36.

About Salzgitter

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.