Kepler Capital Markets Upgrades Salzgitter (OTCMKTS:SZGPY) to “Strong-Buy”

Salzgitter (OTCMKTS:SZGPY) was upgraded by equities researchers at Kepler Capital Markets from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Other equities analysts also recently issued research reports about the company. DZ Bank upgraded Salzgitter from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 6th. Morgan Stanley reiterated an “underweight” rating on shares of Salzgitter in a research report on Wednesday, March 26th.

Salzgitter Trading Up 6.8 %

Salzgitter stock opened at $2.66 on Monday. The firm has a market cap of $1.44 billion, a PE ratio of -6.82 and a beta of 1.57. The stock’s 50 day simple moving average is $2.18 and its two-hundred day simple moving average is $1.86. Salzgitter has a 12 month low of $1.40 and a 12 month high of $3.01.

Salzgitter (OTCMKTS:SZGPY) last released its quarterly earnings results on Friday, March 21st. The basic materials company reported ($0.30) EPS for the quarter, missing the consensus estimate of ($0.26) by ($0.04). The firm had revenue of $2.44 billion for the quarter, compared to analyst estimates of $2.33 billion. Salzgitter had a negative net margin of 1.92% and a negative return on equity of 4.08%. On average, equities research analysts forecast that Salzgitter will post -0.68 EPS for the current 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.