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

Salzgitter AG (OTCMKTS:SZGPY) has earned a consensus rating of “Hold” from the nine brokerages that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company.

A number of brokerages recently commented on SZGPY. Citigroup reissued a “neutral” rating on shares of Salzgitter in a research note on Thursday, January 22nd. UBS Group downgraded Salzgitter from a “buy” rating to a “hold” rating in a research report on Thursday, January 22nd. Morgan Stanley reissued an “underweight” rating on shares of Salzgitter in a report on Tuesday, January 6th. Oddo Bhf raised shares of Salzgitter from an “underperform” rating to an “outperform” rating in a research note on Monday, January 19th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Salzgitter in a research report on Thursday, February 5th.

Salzgitter Price Performance

Shares of SZGPY stock opened at $5.80 on Monday. The company’s fifty day simple moving average is $5.73 and its two-hundred day simple moving average is $4.22. Salzgitter has a 52 week low of $2.09 and a 52 week high of $6.86. The stock has a market cap of $3.13 billion, a P/E ratio of -14.49 and a beta of 1.36.

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.