Zacks Investment Research upgraded shares of SALZGITTER AG/ADR (OTCMKTS:SZGPY) from a sell rating to a hold rating in a report issued on Wednesday morning.
According to Zacks, “Salzgitter AG is engaged in the production of steel and steel products. Its operating business unit consists of Strip Steel, Plate/Section Steel, Energy, Trading and Technology. Strip Steel unit produces special and branded steels. Plate/Section Steel unit offers heavy plates. Energy unit covers seamless tubes, seam-and spiral-welded large-diameter pipes, stainless steel tubes as well as seamless and welded precision tubes. Trading unit handles sales network and global trading companies and sales offices. Technology unit focuses on machinery and plants for the filling and packaging of beverages. Salzgitter AG is headquartered in Salzgitter, Germany. “
Other equities research analysts also recently issued research reports about the company. Macquarie upgraded SALZGITTER AG/ADR from an underperform rating to a neutral rating in a research report on Thursday, December 6th. UBS Group upgraded SALZGITTER AG/ADR from a sell rating to a neutral rating in a research report on Monday, December 3rd.
OTCMKTS SZGPY opened at $2.69 on Wednesday. SALZGITTER AG/ADR has a twelve month low of $2.69 and a twelve month high of $6.17.
About SALZGITTER AG/ADR
Salzgitter Aktiengesellschaft, together with its subsidiaries, engages in steel and technology businesses worldwide. It operates through five segments: Strip Steel, Plate/Section Steel, Mannesmann, Trading, and Technology. The Strip Steel segment manufactures branded and special steels, such as hot-rolled strip steel and steel sheets, sections, tailored blanks, and components for the construction industry.
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