Salzgitter AG (OTCMKTS:SZGPY) Given Average Recommendation of “Moderate Buy” by Brokerages

Salzgitter AG (OTCMKTS:SZGPY) has earned a consensus rating of “Moderate Buy” from the eight ratings firms that are presently covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company.

Several analysts recently weighed in on SZGPY shares. Morgan Stanley upgraded shares of Salzgitter from an “underweight” rating to an “overweight” rating in a report on Monday, June 1st. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Salzgitter in a research note on Wednesday, May 13th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Salzgitter in a research note on Wednesday, May 20th.

Salzgitter Price Performance

OTCMKTS SZGPY opened at $7.10 on Wednesday. The firm’s 50-day moving average is $5.83 and its two-hundred day moving average is $5.41. Salzgitter has a 12 month low of $2.09 and a 12 month high of $7.99. The stock has a market capitalization of $3.84 billion, a P/E ratio of 78.89 and a beta of 1.65.

Salzgitter (OTCMKTS:SZGPY) last announced its quarterly earnings results on Tuesday, May 12th. The basic materials company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.09. The business had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $2.53 billion. Salzgitter had a net margin of 0.49% and a return on equity of 1.02%.

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.