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

Salzgitter AG (OTCMKTS:SZGPY) has received an average rating of “Moderate Buy” from the eight analysts that are currently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company.

A number of equities analysts recently commented on SZGPY shares. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Salzgitter in a research note on Wednesday, August 12th. Morgan Stanley raised Salzgitter from an “underweight” rating to an “overweight” rating in a report on Monday, June 1st. Citigroup reiterated a “neutral” rating on shares of Salzgitter in a research report on Wednesday, May 20th. Zacks Research raised shares of Salzgitter to a “hold” rating in a report on Thursday, July 16th. Finally, Jefferies Financial Group upgraded shares of Salzgitter from a “hold” rating to a “buy” rating in a research report on Monday, July 13th.

Salzgitter Stock Performance

Shares of OTCMKTS SZGPY opened at $6.65 on Monday. The company has a market cap of $3.60 billion, a P/E ratio of 55.42 and a beta of 1.68. 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 $5.84 and its two-hundred day moving average is $5.84.

Salzgitter (OTCMKTS:SZGPY) last issued its quarterly earnings data on Tuesday, August 11th. The basic materials company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.15). Salzgitter had a net margin of 0.65% and a return on equity of 1.30%. The firm had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.42 billion. As a group, analysts forecast that Salzgitter will post 0.22 EPS for the current fiscal 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.