Zacks Investment Research cut shares of Siemens (OTCMKTS:SIEGY) from a hold rating to a sell rating in a research note published on Thursday morning, Zacks.com reports.

According to Zacks, “SIEMENS AG-ADR is the world’s largest supplier of products, systems, solutions and services for industrial automation and building technology. This business area includes Automation and Drives Industrial Solutions and Services Siemens Dematic Siemens Building Technologies AG. “

Other analysts also recently issued reports about the company. Credit Suisse Group lowered their price objective on Athene from $67.00 to $57.00 and set an outperform rating for the company in a research note on Tuesday, May 21st. ValuEngine raised Zynerba Pharmaceuticals from a sell rating to a hold rating in a research note on Monday, April 1st. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. Siemens has an average rating of Hold and a consensus price target of $65.00.

Shares of Siemens stock opened at $56.21 on Thursday. The stock has a market capitalization of $95.63 billion, a P/E ratio of 13.91, a PEG ratio of 1.49 and a beta of 1.07. Siemens has a 52 week low of $51.51 and a 52 week high of $70.90. The business has a 50 day moving average of $58.61. The company has a current ratio of 1.29, a quick ratio of 0.98 and a debt-to-equity ratio of 0.58.

Siemens (OTCMKTS:SIEGY) last issued its quarterly earnings data on Wednesday, May 8th. The technology company reported $1.26 EPS for the quarter, topping the consensus estimate of $0.99 by $0.27. The firm had revenue of $23.78 billion during the quarter. Siemens had a return on equity of 9.18% and a net margin of 5.32%. Equities analysts expect that Siemens will post 4.03 EPS for the current fiscal year.

About Siemens

Siemens Aktiengesellschaft operates in the fields of electrification, automation, and digitalization worldwide. Its Power and Gas segment offers gas and steam turbines, generators, compressor trains, integrated power plant solutions, and instrumentation and control systems for power generation. The company's Energy Management segment offers software, products, systems, solutions, and services for transmitting, distributing, and managing electrical power, as well as for providing intelligent power infrastructure.

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