Siemens Energy (OTCMKTS:SMNEY) Upgraded at Citigroup

Citigroup upgraded shares of Siemens Energy (OTCMKTS:SMNEY) to a hold rating in a report released on Wednesday, Zacks.com reports.

SMNEY has been the subject of a number of other research reports. The Goldman Sachs Group upgraded shares of Siemens Energy to a strong-buy rating in a research report on Thursday, August 8th. Berenberg Bank upgraded shares of Siemens Energy to a strong-buy rating in a research note on Tuesday, June 25th. UBS Group upgraded shares of Siemens Energy to a hold rating in a research note on Thursday, August 8th. Finally, Sanford C. Bernstein upgraded shares of Siemens Energy to a strong sell rating in a research note on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of Moderate Buy.

Siemens Energy Stock Up 3.3 %

Shares of OTCMKTS:SMNEY opened at $39.29 on Wednesday. The company has a market cap of $31.40 billion and a price-to-earnings ratio of 54.82. The firm’s 50-day simple moving average is $31.47 and its 200-day simple moving average is $26.94. Siemens Energy has a fifty-two week low of $7.21 and a fifty-two week high of $39.33.

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.