Siemens AG (SIEGY) Rating Lowered to Sell at Zacks Investment Research

Siemens AG (NASDAQ:SIEGY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Wednesday.

According to Zacks, “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. “

Separately, Berenberg Bank upgraded Siemens AG from a “hold” rating to a “buy” rating in a research note on Monday, October 3rd.

Shares of Siemens AG (NASDAQ:SIEGY) opened at 115.96 on Wednesday. The stock has a market cap of $93.87 billion and a price-to-earnings ratio of 16.26. Siemens AG has a 52-week low of $86.58 and a 52-week high of $122.84. The stock’s 50 day moving average is $117.50 and its 200 day moving average is $110.03.

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