Jefferies upgrades Salzgitter AG stock rating amid earnings report
2 reports, 2 independent
Updated Oct 16
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AI-generated briefing. Brind wrote this from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.
What happened
Jefferies Financial Group upgraded Salzgitter AG from a "hold" rating to a "buy" rating on July 13th. Salzgitter AG reported quarterly revenue of $2.61 billion, which exceeded expectations of $2.42 billion, although its earnings per share was ($0.09), missing consensus estimates.
From tickerreport.com
Why it matters
The upgrade by Jefferies Financial Group contributes to a current consensus rating of "Moderate Buy" for Salzgitter AG. Analysts expect Salzgitter AG to post 0.22 earnings per share for the current fiscal year.
From tickerreport.com
Who's involved
- Salzgitter AGThe basic materials company whose stock rating was upgraded.
- Jefferies Financial GroupThe financial services company that issued the rating upgrade for Salzgitter AG.
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The entities involved
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Salzgitter AG
company
Nothing else this week.
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Jefferies Financial Group
American financial services company