Zacks Investment Research Downgrades Siemens AG (SIEGY) to Strong Sell

Siemens AG (OTCMKTS:SIEGY) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a research note issued on Thursday.

According to Zacks, “SIEMENS AG-ADR is the world’s largest supplier of products, systems, solutions and services for industrial automation and building technology. This business area includes Automation and Drives Industrial Solutions and Services Siemens Dematic Siemens Building Technologies AG. “

Separately, ValuEngine lowered shares of Siemens AG from a “buy” rating to a “hold” rating in a report on Thursday, August 10th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $79.00.

Siemens AG (OTCMKTS:SIEGY) opened at $67.72 on Thursday. The stock has a market cap of $116,420.00, a P/E ratio of 17.21, a P/E/G ratio of 1.49 and a beta of 1.46. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.83 and a current ratio of 1.30. Siemens AG has a 1-year low of $55.74 and a 1-year high of $73.42.

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About Siemens AG

Siemens AG is a Germany-based technology company with activities in the fields of electrification, automation and digitalization. It is also a supplier of systems for power generation and transmission, as well as medical diagnosis. It operates through nine segments: Power and Gas; Wind Power and Renewables; Energy Management; Building Technologies; Mobility; Digital Factory; Process Industries and Drives; Healthineers, and Financial Services.

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