Siemens Energy (OTCMKTS:SMNEY) Cut to “Strong Sell” at UBS Group

UBS Group downgraded shares of Siemens Energy (OTCMKTS:SMNEY) from a hold rating to a strong sell rating in a research note released on Monday morning,Zacks.com reports.

Separately, Citigroup upgraded shares of Siemens Energy to a “hold” rating in a research report on Wednesday, October 9th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Siemens Energy currently has a consensus rating of “Hold”.

Siemens Energy Trading Up 1.6 %

Shares of OTCMKTS:SMNEY opened at $54.20 on Monday. The company has a 50 day moving average of $52.24 and a 200 day moving average of $39.65. The stock has a market cap of $43.32 billion and a P/E ratio of 36.87. Siemens Energy has a 12 month low of $12.72 and a 12 month high of $57.13.

Siemens Energy Company Profile

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.