Hensoldt AG – Unsponsored ADR (OTCMKTS:HAGHY) Stock Now Rated “Buy” by Wall Street Brokerages

Shares of Hensoldt AG – Unsponsored ADR (OTCMKTS:HAGHY) have been given a consensus rating of “Buy” by the seven brokerages that are covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and three have assigned a strong buy recommendation to the company.

Separately, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Hensoldt in a report on Thursday, August 13th.

Hensoldt Stock Up 2.5%

Shares of OTCMKTS HAGHY opened at $8.87 on Friday. Hensoldt has a fifty-two week low of $7.18 and a fifty-two week high of $13.74. The firm’s 50-day simple moving average is $9.59 and its 200 day simple moving average is $9.13.

About Hensoldt

HENSOLDT AG is a Germany-based defense electronics company that develops and supplies sensor solutions for military and security applications. Its portfolio includes radar systems, electro-optical and infrared sensors, electronic warfare equipment, avionics, and integrated command-and-control and data-fusion technologies.

The company’s products are used for air defense, surveillance, reconnaissance, situational awareness, and the protection of military platforms and personnel. HENSOLDT serves armed forces, government agencies, and defense contractors, with Germany and other European markets forming an important part of its customer base alongside international defense markets.

HENSOLDT was established in 2017 through the separation of Airbus Defence and Space’s electronics activities, building on longstanding German defense-electronics operations.