Royal Bank of Canada Downgrades Siemens Aktiengesellschaft (OTCMKTS:SIEGY) to Hold

Siemens Aktiengesellschaft (OTCMKTS:SIEGY - Get Free Report) was downgraded by equities research analysts at Royal Bank of Canada from a "moderate buy" rating to a "hold" rating in a report released on Wednesday, March 19th,Zacks.com reports.

Several other research firms have also commented on SIEGY. Bank of America lowered shares of Siemens Aktiengesellschaft from a "buy" rating to a "neutral" rating in a research note on Tuesday, November 19th. Hsbc Global Res upgraded Siemens Aktiengesellschaft from a "moderate sell" rating to a "hold" rating in a report on Thursday, December 5th.

Siemens Aktiengesellschaft Stock Down 3.4 %

OTCMKTS SIEGY traded down $4.23 during trading on Wednesday, reaching $119.76. 199,677 shares of the company's stock traded hands, compared to its average volume of 358,829. The company's 50 day simple moving average is $115.23 and its two-hundred day simple moving average is $103.94. Siemens Aktiengesellschaft has a 12-month low of $83.64 and a 12-month high of $131.87. The firm has a market cap of $191.62 billion, a price-to-earnings ratio of 18.40, a price-to-earnings-growth ratio of 3.27 and a beta of 1.24. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.40 and a quick ratio of 1.15.

Siemens Aktiengesellschaft (OTCMKTS:SIEGY - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The technology company reported $1.10 EPS for the quarter, topping analysts' consensus estimates of $1.05 by $0.05. Siemens Aktiengesellschaft had a net margin of 12.41% and a return on equity of 13.82%. The company had revenue of $19.58 billion during the quarter, compared to the consensus estimate of $18.70 billion. As a group, sell-side analysts forecast that Siemens Aktiengesellschaft will post 6.59 EPS for the current fiscal year.

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Siemens Aktiengesellschaft Company Profile

Siemens Aktiengesellschaft, a technology company, focuses in the areas of automation and digitalization in Europe, Commonwealth of Independent States, Africa, the Middle East, the Americas, Asia, and Australia. It operates through Digital Industries, Smart Infrastructure, Mobility, Siemens Healthineers, and Siemens Financial Services (SFS) segments.