Salzgitter AG (OTCMKTS:SZGPY) Given Consensus Rating of “Moderate Buy” by Brokerages

Salzgitter AG (OTCMKTS:SZGPY) has been assigned a consensus recommendation of “Moderate Buy” from the seven brokerages that are currently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company.

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

Salzgitter Stock Performance

SZGPY stock opened at $5.88 on Friday. Salzgitter has a 52 week low of $2.25 and a 52 week high of $7.99. The firm’s fifty day moving average is $6.15 and its 200 day moving average is $5.66. The firm has a market cap of $3.18 billion, a P/E ratio of 65.33 and a beta of 1.72.

Salzgitter (OTCMKTS:SZGPY) last posted its quarterly earnings results on Tuesday, May 12th. The basic materials company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.09. Salzgitter had a net margin of 0.49% and a return on equity of 1.00%. The business had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.53 billion.

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.