Siemens (OTCMKTS:SIEGY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Friday.
According to Zacks, “SIEMENS AG-ADR is the world’s largest supplier of products, systems, solutions and services for industrial automation and building technology. This business area includes Automation and Drives Industrial Solutions and Services Siemens Dematic Siemens Building Technologies AG. “
SIEGY has been the subject of several other research reports. Barclays downgraded shares of Siemens from an “equal weight” rating to an “underweight” rating in a research note on Tuesday, December 5th. ValuEngine raised shares of Siemens from a “hold” rating to a “buy” rating in a research note on Wednesday. Finally, Morgan Stanley raised shares of Siemens from an “equal weight” rating to an “overweight” rating in a research note on Monday, December 11th.
Siemens (OTCMKTS:SIEGY) last released its quarterly earnings results on Wednesday, January 31st. The technology company reported $1.54 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.46 by $0.08. The firm had revenue of $23.35 billion during the quarter, compared to the consensus estimate of $24.69 billion. Siemens had a net margin of 7.59% and a return on equity of 15.45%. sell-side analysts forecast that Siemens will post 5.05 EPS for the current fiscal year.
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Siemens Company Profile
Siemens AG is a Germany-based technology company with activities in the fields of electrification, automation and digitalization. It is also a supplier of systems for power generation and transmission, as well as medical diagnosis. It operates through nine segments: Power and Gas; Wind Power and Renewables; Energy Management; Building Technologies; Mobility; Digital Factory; Process Industries and Drives; Healthineers, and Financial Services.
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