Osram Licht (OSAGF) Upgraded to Buy by Zacks Investment Research

Zacks Investment Research upgraded shares of Osram Licht (OTCMKTS:OSAGF) from a strong sell rating to a buy rating in a research report sent to investors on Tuesday, September 11th. Zacks Investment Research currently has $51.00 price objective on the stock.

According to Zacks, “OSRAM Licht AG is a manufacturer of lights. The company’s product primarily consists of infrared and laser lights, lamps and light-emitting diodes. OSRAM Licht AG is headquartered in Munich, Germany. “

Separately, DZ Bank reiterated a neutral rating on shares of Osram Licht in a research report on Wednesday, August 1st.

Shares of OTCMKTS OSAGF remained flat at $$39.21 during trading on Tuesday. Osram Licht has a 1 year low of $37.81 and a 1 year high of $94.25. The stock has a market cap of $4.19 billion, a P/E ratio of 10.51, a price-to-earnings-growth ratio of 0.78 and a beta of 1.78.

Osram Licht (OTCMKTS:OSAGF) last announced its earnings results on Wednesday, August 1st. The company reported $0.39 earnings per share (EPS) for the quarter. Osram Licht had a net margin of 4.40% and a return on equity of 10.31%. The business had revenue of $1.21 billion for the quarter. Research analysts predict that Osram Licht will post 3.42 earnings per share for the current fiscal year.

Osram Licht Company Profile

OSRAM Licht AG provides various lighting products and solutions worldwide. The company operates through Specialty Lighting, Opto Semiconductors, and Lighting Solutions & Systems segments. The Specialty Lighting segment develops and produces lamps and lighting systems for the automotive sector, studio, stage and TV, and projection system applications, as well as special lamps for industrial and medical applications; produces lamps for disinfecting liquids, surfaces, and gases with UV light.

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