Zacks Investment Research lowered shares of Siemens AG (OTCMKTS:SIEGY) from a hold rating to a strong sell rating in a report published on Thursday.

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. “

Separately, ValuEngine lowered Siemens AG from a buy rating to a hold rating in a research note on Thursday, August 10th. Two analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. The company has an average rating of Hold and a consensus price target of $79.00.

Siemens AG (SIEGY) traded down $0.66 during trading hours on Thursday, reaching $67.72. The company’s stock had a trading volume of 87,094 shares, compared to its average volume of 111,274. Siemens AG has a twelve month low of $55.74 and a twelve month high of $73.42. The company has a quick ratio of 0.83, a current ratio of 1.30 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $116,420.00, a price-to-earnings ratio of 17.21, a PEG ratio of 1.49 and a beta of 1.46.

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Siemens AG 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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