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

Shares of Salzgitter AG (OTCMKTS:SZGPY) have been assigned an average recommendation of “Hold” from the eight research firms that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and three have assigned a buy recommendation to the company.

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

Salzgitter Stock Performance

SZGPY stock opened at $5.64 on Tuesday. Salzgitter has a twelve month low of $2.09 and a twelve month high of $6.86. The company’s 50 day moving average is $5.36 and its two-hundred day moving average is $4.76. The stock has a market cap of $3.05 billion, a P/E ratio of -37.60 and a beta of 1.54.

Salzgitter (OTCMKTS:SZGPY) last released its quarterly earnings data on Thursday, March 19th. The basic materials company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates 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 for the quarter. On average, equities research analysts predict that Salzgitter will post 0.2 earnings per share 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.