Salzgitter (OTCMKTS:SZGPY) Rating Increased to Strong-Buy at Kepler Capital Markets

Kepler Capital Markets upgraded shares of Salzgitter (OTCMKTS:SZGPY) from a hold rating to a strong-buy rating in a research report sent to investors on Monday,Zacks.com reports.

Several other equities analysts have also recently weighed in on the stock. DZ Bank upgraded shares of 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 report on Wednesday, March 26th.

Salzgitter Stock Performance

Shares of OTCMKTS:SZGPY opened at $2.62 on Monday. The company has a market capitalization of $1.42 billion, a PE ratio of -6.72 and a beta of 1.57. The stock has a fifty day moving average of $2.20 and a 200-day moving average of $1.87. Salzgitter has a one year low of $1.40 and a one year high of $3.01.

Salzgitter (OTCMKTS:SZGPY) last announced its 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). Salzgitter had a negative return on equity of 4.08% and a negative net margin of 1.92%. The firm had revenue of $2.44 billion during the quarter, compared to analyst estimates of $2.33 billion. As a group, research analysts forecast 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.