Zacks Investment Research upgraded shares of Osram Licht (OTCMKTS:OSAGF) from a strong sell rating to a hold rating in a research report released on Wednesday morning, Zacks.com reports.

According to Zacks, “OSRAM Licht AG is a manufacturer of lights. The company’s product primarily consists of infrared and laser lights, lamps and light-emitting diodes. OSRAM Licht AG is headquartered in Munich, Germany. “

A number of other brokerages have also weighed in on OSAGF. DZ Bank reissued a buy rating on shares of Hugo Boss in a report on Thursday, July 4th. ValuEngine raised VESTAS WIND SYS/ADR from a hold rating to a buy rating in a report on Thursday, May 9th. Six equities research analysts have rated the stock with a hold rating, The company has a consensus rating of Hold and an average target price of $51.00.

Shares of OSAGF stock opened at $39.33 on Wednesday. The company has a 50-day moving average price of $33.30. The company has a quick ratio of 0.66, a current ratio of 1.13 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $4.12 billion, a price-to-earnings ratio of 13.15, a PEG ratio of 2.17 and a beta of 0.85. Osram Licht has a fifty-two week low of $29.00 and a fifty-two week high of $47.01.

Osram Licht (OTCMKTS:OSAGF) last announced its quarterly earnings data on Wednesday, May 8th. The company reported ($0.34) earnings per share for the quarter. The firm had revenue of $978.91 million during the quarter. Osram Licht had a negative net margin of 3.50% and a positive return on equity of 1.98%. On average, equities analysts expect that Osram Licht will post 1.21 earnings per share for the current year.

Osram Licht Company Profile

OSRAM Licht AG provides various lighting products and solutions worldwide. It operates through three segments: Opto Semiconductors, Specialty Lighting, and Lighting Solutions & Systems. The company manufactures light-emitting diodes (LEDs) that are used in general lighting, automotive, consumer, and industrial applications, as well as infrared, laser, and optical sensors for the automotive, smartphone, wearable, general lighting, industrial lighting, and projection sectors, as well as lighting for plants.

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