Siemens Energy (OTCMKTS:SMNEY) Lifted to Hold at Citigroup

Siemens Energy (OTCMKTS:SMNEY) was upgraded by equities researchers at Citigroup to a “hold” rating in a report released on Wednesday, Zacks.com reports.

Several other analysts have also commented on the stock. Berenberg Bank raised shares of Siemens Energy to a “strong-buy” rating in a research report on Tuesday, June 25th. UBS Group raised shares of Siemens Energy to a “hold” rating in a report on Thursday, August 8th. The Goldman Sachs Group raised Siemens Energy to a “strong-buy” rating in a report on Thursday, August 8th. Finally, Sanford C. Bernstein upgraded Siemens Energy to a “strong sell” rating in a research note on Thursday, August 8th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

Siemens Energy Price Performance

OTCMKTS SMNEY opened at $38.02 on Wednesday. The business’s fifty day moving average is $31.21 and its 200-day moving average is $26.72. The stock has a market capitalization of $30.39 billion and a price-to-earnings ratio of 53.10. Siemens Energy has a one year low of $7.21 and a one year high of $39.05.

About Siemens Energy

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.