Societe Generale Lowers Siemens Aktiengesellschaft (OTCMKTS:SIEGY) to Hold

Societe Generale downgraded shares of Siemens Aktiengesellschaft (OTCMKTS:SIEGY) from a buy rating to a hold rating in a research note published on Thursday morning, The Fly reports.

Other equities analysts have also issued reports about the company. Bank of America initiated coverage on Siemens Aktiengesellschaft in a research report on Tuesday, September 29th. They set a buy rating on the stock. DZ Bank reissued a buy rating on shares of Siemens Aktiengesellschaft in a research report on Thursday, November 12th. Zacks Investment Research lowered Siemens Aktiengesellschaft from a hold rating to a sell rating in a research report on Saturday, November 14th. Morgan Stanley reissued an equal weight rating on shares of Siemens Aktiengesellschaft in a research report on Friday, November 13th. Finally, UBS Group reissued a buy rating on shares of Siemens Aktiengesellschaft in a research report on Friday, October 2nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have assigned a buy rating to the company. Siemens Aktiengesellschaft has a consensus rating of Buy and a consensus target price of $78.00.

OTCMKTS SIEGY opened at $65.26 on Thursday. The firm has a market capitalization of $110.94 billion, a P/E ratio of 26.75, a P/E/G ratio of 2.70 and a beta of 1.18. Siemens Aktiengesellschaft has a 1-year low of $31.62 and a 1-year high of $76.64. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.63 and a quick ratio of 1.48. The business’s 50-day simple moving average is $69.93 and its 200-day simple moving average is $63.49.

Siemens Aktiengesellschaft Company Profile

Siemens Aktiengesellschaft operates in the fields of electrification, automation, and digitalization worldwide. Its Digital Industries segment offers automation systems and software for factories, numerical control systems, motors, drives and inverters, and integrated automation systems for machine tools and production machines; process control systems, machine-to-machine communication products, sensors and radio frequency identification systems, and production lifecycle software; mechatronic systems simulation and testing software; and cloud-based industrial Internet of Things operating system.

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