ValuEngine Downgrades Siemens (OTCMKTS:SIEGY) to Sell

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ValuEngine lowered shares of Siemens (OTCMKTS:SIEGY) from a hold rating to a sell rating in a research note issued to investors on Thursday morning, ValuEngine reports.

A number of other equities analysts have also recently weighed in on SIEGY. Credit Suisse Group decreased their price target on Athene from $67.00 to $57.00 and set an outperform rating for the company in a report on Tuesday, May 21st. Zacks Investment Research upgraded General Moly from a sell rating to a hold rating in a report on Thursday. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average target price of $65.00.

Shares of OTCMKTS:SIEGY opened at $56.21 on Thursday. The stock has a market cap of $95.56 billion, a PE ratio of 13.91, a P/E/G ratio of 1.49 and a beta of 1.07. Siemens has a 1 year low of $51.51 and a 1 year high of $70.90. The business’s 50-day moving average price is $58.61. The company has a quick ratio of 0.98, a current ratio of 1.29 and a debt-to-equity ratio of 0.58.

Siemens (OTCMKTS:SIEGY) last released its quarterly earnings results on Wednesday, May 8th. The technology company reported $1.26 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.99 by $0.27. The firm had revenue of $23.78 billion during the quarter. Siemens had a return on equity of 9.18% and a net margin of 5.32%. Research analysts expect that Siemens will post 4.03 EPS for the current year.

Siemens Company Profile

Siemens Aktiengesellschaft operates in the fields of electrification, automation, and digitalization worldwide. Its Power and Gas segment offers gas and steam turbines, generators, compressor trains, integrated power plant solutions, and instrumentation and control systems for power generation. The company's Energy Management segment offers software, products, systems, solutions, and services for transmitting, distributing, and managing electrical power, as well as for providing intelligent power infrastructure.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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