Siemens Aktiengesellschaft (OTCMKTS:SIEGY) Cut to “Hold” at Royal Bank of Canada

Royal Bank of Canada downgraded shares of Siemens Aktiengesellschaft (OTCMKTS:SIEGY) from a moderate buy rating to a hold rating in a research report released on Wednesday morning,Zacks.com reports.

A number of other equities analysts also recently issued reports on SIEGY. Bank of America downgraded Siemens Aktiengesellschaft from a “buy” rating to a “neutral” rating in a report on Tuesday, November 19th. Hsbc Global Res raised Siemens Aktiengesellschaft from a “moderate sell” rating to a “hold” rating in a research note on Thursday, December 5th.

Siemens Aktiengesellschaft Price Performance

Shares of Siemens Aktiengesellschaft stock opened at $123.97 on Wednesday. The business has a 50 day moving average of $113.90 and a 200 day moving average of $103.21. The company has a quick ratio of 1.15, a current ratio of 1.40 and a debt-to-equity ratio of 0.73. The company has a market cap of $198.35 billion, a PE ratio of 19.04, a P/E/G ratio of 3.27 and a beta of 1.24. Siemens Aktiengesellschaft has a 52 week low of $83.64 and a 52 week high of $131.87.

Siemens Aktiengesellschaft (OTCMKTS:SIEGY) last posted its quarterly earnings data on Thursday, February 13th. The technology company reported $1.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.05. The business had revenue of $19.58 billion during the quarter, compared to the consensus estimate of $18.70 billion. Siemens Aktiengesellschaft had a return on equity of 13.82% and a net margin of 12.41%. As a group, equities research analysts forecast that Siemens Aktiengesellschaft will post 6.59 earnings per share for the current year.

Siemens Aktiengesellschaft Increases Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, February 25th. Investors of record on Friday, February 14th were given a dividend of $2.6907 per share. The ex-dividend date of this dividend was Friday, February 14th. This is a boost from Siemens Aktiengesellschaft’s previous dividend of $1.88. Siemens Aktiengesellschaft’s dividend payout ratio (DPR) is 30.72%.

Siemens Aktiengesellschaft Company Profile

Siemens Aktiengesellschaft, a technology company, focuses in the areas of automation and digitalization in Europe, Commonwealth of Independent States, Africa, the Middle East, the Americas, Asia, and Australia. It operates through Digital Industries, Smart Infrastructure, Mobility, Siemens Healthineers, and Siemens Financial Services (SFS) segments.