Salzgitter AG (OTCMKTS:SZGPY) Receives Consensus Rating of “Hold” from Analysts

Shares of Salzgitter AG (OTCMKTS:SZGPY) have earned a consensus recommendation of “Hold” from the nine analysts that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company.

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

Salzgitter Price Performance

Shares of SZGPY opened at $4.59 on Friday. Salzgitter has a 12 month low of $2.09 and a 12 month high of $6.86. The stock has a fifty day moving average price of $5.63 and a 200 day moving average price of $4.49. The company has a market cap of $2.48 billion, a P/E ratio of -30.60 and a beta of 1.36.

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

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.