Salzgitter AG (OTCMKTS:SZGPY) Receives Consensus Recommendation of "Hold" from Brokerages

Key Points

• Brokerages have issued a consensus recommendation of "Hold" for Salzgitter AG, with ratings varying from sell to strong buy among different analysts.
• Salzgitter's stock recently saw a 3.6% increase, opening at $3.44, with a market cap of $1.86 billion.
• In its latest earnings report, Salzgitter reported a loss of ($0.12) EPS, missing expectations, although revenue surpassed forecasts at $2.65 billion.

Shares of Salzgitter AG (OTCMKTS:SZGPY - Get Free Report) have been given a consensus recommendation of "Hold" by the six brokerages that are covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, one has given a hold recommendation, one has issued a buy recommendation and one has issued a strong buy recommendation on the company.

Several research firms recently weighed in on SZGPY. DZ Bank cut shares of Salzgitter from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, June 17th. BNP Paribas raised shares of Salzgitter to an "outperform" rating in a research note on Friday. Finally, Zacks Research downgraded shares of Salzgitter from a "hold" rating to a "strong sell" rating in a research report on Thursday, August 21st.

Salzgitter Stock Up 3.6%

Shares of Salzgitter stock opened at $3.44 on Friday. The company has a market cap of $1.86 billion, a price-to-earnings ratio of -4.00 and a beta of 1.50. The company's 50 day moving average is $2.64 and its 200 day moving average is $2.54. Salzgitter has a twelve month low of $1.40 and a twelve month high of $3.56.

Salzgitter (OTCMKTS:SZGPY - Get Free Report) last announced its quarterly earnings data on Monday, August 11th. The basic materials company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.04 by ($0.16). The firm had revenue of $2.65 billion during the quarter, compared to analysts' expectations of $2.33 billion. Salzgitter had a negative return on equity of 9.40% and a negative net margin of 4.45%. Sell-side analysts expect that Salzgitter will post -0.68 EPS for the current fiscal year.

About Salzgitter

Salzgitter AG, together with its subsidiaries, engages in steel and technology businesses worldwide. It operates through four segments: Steel Production, Steel Processing, Trading, and Technology. The Steel Production segment manufactures steel and special steels, such as hot-rolled wide strip, steel sheet, sections, tailored blanks, as well as scrap trading.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.