Siemens (OTCMKTS:SIEGY) Cut to Strong Sell at Zacks Research

Zacks Research lowered shares of Siemens (OTCMKTS:SIEGY) from a hold rating to a strong sell rating in a report issued on Monday,Zacks.com reports.

Several other research firms also recently commented on SIEGY. Morgan Stanley downgraded Siemens from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, October 14th. Barclays reissued an “underweight” rating on shares of Siemens in a research note on Thursday, July 10th. Erste Group Bank raised Siemens to a “hold” rating in a research note on Friday, October 3rd. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Siemens in a research note on Tuesday, August 12th. Finally, Sanford C. Bernstein downgraded Siemens from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 2nd. Eight investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce”.

Siemens Trading Down 0.6%

Shares of SIEGY stock opened at $142.39 on Monday. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.50 and a quick ratio of 1.24. The company has a market cap of $227.82 billion, a price-to-earnings ratio of 21.09, a PEG ratio of 3.06 and a beta of 1.17. The stock has a 50 day simple moving average of $137.60 and a 200-day simple moving average of $129.11. Siemens has a 1-year low of $91.57 and a 1-year high of $145.00.

Siemens (OTCMKTS:SIEGY) last announced its earnings results on Thursday, August 7th. The technology company reported $1.44 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.16. The business had revenue of $22.52 billion during the quarter, compared to the consensus estimate of $19.17 billion. Siemens had a return on equity of 12.61% and a net margin of 12.59%. On average, equities research analysts expect that Siemens will post 6.59 EPS for the current fiscal year.

Siemens Company Profile

Siemens Aktiengesellschaft, a technology company, focuses in the areas of automation and digitalization in Europe, Commonwealth of Independent States, Africa, the Middle East, the Americas, Asia, and Australia. It operates through Digital Industries, Smart Infrastructure, Mobility, Siemens Healthineers, and Siemens Financial Services (SFS) segments.