Will Citigroup’s Latest Ratings Coverage Help Siemens (ADR) (OTC:SIEGY)’s Share Price?


How Citigroup Currently Rates Siemens (ADR) (OTC:SIEGY)

Investment analysts at Citigroup launched coverage on Siemens (ADR) (OTC:SIEGY) with Buy rating. This was disseminated in a recent report on 1 December.

From a total of 1 analysts covering Siemens (ADR) (OTC:SIEGY) stock, 1 rate it a ”Buy”, 0 a “Sell”, and 0 a ”Hold”. This means that 100% of the ratings are positive. Siemens (ADR) was the topic of 2 analyst reports since September 18, 2015 according to the firm StockzIntelligence Inc. Bank of America upgraded shares on October 7 to “Buy” rating.

Approximately 20,798 shares of stock traded hands. Siemens AG (ADR) (OTC:SIEGY) has declined 6.26% since April 28, 2015 and is downtrending. It has underperformed by 4.63% the S&P500.

Will Citigroup’s Latest Ratings Coverage Help Siemens (ADR) (OTC:SIEGY)’s Share Price?

Siemens AG is a global technology powerhouse. The company has a market cap of $89.44 billion. The Firm is active in more than 200 countries, focusing on the areas of electrification, automation and digitalization. It has 14.19 P/E ratio. It produces energy-efficient, resource-saving technologies.

According to Zacks Investment Research, “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.” Get a free copy of the Zacks research report on Siemens AG (ADR) (SIEGY)