Siemens Energy (OTCMKTS:SMNEY) Upgraded to "Hold" at Citigroup

Citigroup upgraded shares of Siemens Energy (OTCMKTS:SMNEY - Free Report) to a hold rating in a report released on Wednesday morning, Zacks.com reports.

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Several other brokerages have also recently weighed in on SMNEY. UBS Group upgraded Siemens Energy to a hold rating in a research report on Thursday, August 8th. Sanford C. Bernstein upgraded Siemens Energy to a strong sell rating in a research report on Thursday, August 8th. The Goldman Sachs Group upgraded Siemens Energy to a strong-buy rating in a research report on Thursday, August 8th. Finally, Berenberg Bank upgraded Siemens Energy to a strong-buy rating in a research report on Tuesday, June 25th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of Moderate Buy.

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Siemens Energy Price Performance

SMNEY stock traded up $1.27 during trading on Wednesday, hitting $39.29. 22,455 shares of the company traded hands, compared to its average volume of 38,595. The stock's 50-day simple moving average is $31.47 and its 200 day simple moving average is $26.87. The company has a market cap of $31.40 billion and a PE ratio of 53.10. Siemens Energy has a 1 year low of $7.21 and a 1 year high of $39.33.

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Siemens Energy Company Profile

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Siemens Energy AG operates as an energy technology company worldwide. It operates through Gas Services, Grid Technologies, Transformation of Industry, and Siemens Gamesa segments. The company provides gas and steam turbines, generators, and heat pumps, as well as performance enhancement, maintenance, customer training, and professional consulting services for central and distributed power generation; and high voltage direct current transmission systems, offshore windfarm grid connections, transformers, flexible alternating current transmission systems, high voltage substations, air and gas-insulated switchgears, digital grid solutions and components, and storage solutions.

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Analyst Recommendations for Siemens Energy (OTCMKTS:SMNEY)

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