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

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

SIEGY has been the subject of a number of other reports. Bank of America lowered Siemens Aktiengesellschaft from a “buy” rating to a “neutral” rating in a research report on Tuesday, November 19th. Hsbc Global Res raised shares of Siemens Aktiengesellschaft from a “moderate sell” rating to a “hold” rating in a research note on Thursday, December 5th.

Siemens Aktiengesellschaft Stock Performance

OTCMKTS:SIEGY opened at $123.97 on Wednesday. The firm has a market capitalization of $198.35 billion, a PE ratio of 19.04, a price-to-earnings-growth ratio of 3.27 and a beta of 1.24. The firm has a 50-day moving average price of $113.90 and a 200 day moving average price of $103.21. Siemens Aktiengesellschaft has a 12-month low of $83.64 and a 12-month high of $131.87. The company has a quick ratio of 1.15, a current ratio of 1.40 and a debt-to-equity ratio of 0.73.

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

Siemens Aktiengesellschaft Increases Dividend

The business also recently announced a dividend, which was paid on Tuesday, February 25th. Stockholders of record on Friday, February 14th were given a dividend of $2.6907 per share. This is a positive change from Siemens Aktiengesellschaft’s previous dividend of $1.88. The ex-dividend date of this dividend was Friday, February 14th. Siemens Aktiengesellschaft’s payout ratio is presently 30.72%.

About Siemens Aktiengesellschaft

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.