Siemens (OTCMKTS:SIEGY) Downgraded by Morgan Stanley to "Equal Weight"

Key Points

• Morgan Stanley has downgraded Siemens from "overweight" to "equal weight", reflecting a shift in analyst sentiment towards the stock.
• Several other analysts, including those from Sanford C. Bernstein and Santander, have also lowered their ratings on Siemens, with the stock now having a consensus rating of "Reduce".
• Siemens recently reported better-than-expected quarterly earnings, with $1.44 EPS surpassing consensus estimates by $0.16 and revenue of $22.52 billion.

Siemens (OTCMKTS:SIEGY - Get Free Report) was downgraded by research analysts at Morgan Stanley from an "overweight" rating to an "equal weight" rating in a report released on Tuesday,Briefing.com Automated Import reports.

Other analysts also recently issued reports about the stock. Sanford C. Bernstein downgraded shares of Siemens from a "strong-buy" rating to a "hold" rating in a report on Tuesday, September 2nd. Santander downgraded shares of Siemens to a "neutral" rating in a report on Wednesday, September 3rd. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating on shares of Siemens in a report on Tuesday, August 12th. Zacks Research cut shares of Siemens from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 22nd. Finally, Barclays reiterated an "underweight" rating on shares of Siemens in a research report on Thursday, July 10th. Nine investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Reduce".

Siemens Stock Up 2.0%

OTCMKTS:SIEGY opened at $142.89 on Tuesday. The firm has a market capitalization of $228.62 billion, a P/E ratio of 21.17, a PEG ratio of 2.96 and a beta of 1.17. Siemens has a 1-year low of $91.57 and a 1-year high of $145.00. The company's fifty day moving average price is $135.94 and its 200-day moving average price is $126.14. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.50 and a quick ratio of 1.24.

Siemens (OTCMKTS:SIEGY - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The technology company reported $1.44 earnings per share for the quarter, topping analysts' consensus estimates of $1.28 by $0.16. Siemens had a net margin of 12.59% and a return on equity of 12.61%. The firm had revenue of $22.52 billion for the quarter, compared to analyst estimates of $19.17 billion. As a group, equities research analysts anticipate that Siemens will post 6.59 EPS for the current year.

About Siemens

Siemens Aktiengesellschaft, a technology company, focuses in the areas of automation and digitalization in Europe, Commonwealth of Independent States, Africa, the Middle East, the Americas, Asia, and Australia. It operates through Digital Industries, Smart Infrastructure, Mobility, Siemens Healthineers, and Siemens Financial Services (SFS) segments.

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