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Siemens AG (NASDAQ:SIEGY) was upgraded by investment analysts at Goldman Sachs from a “neutral” rating to a “buy” rating in a note issued to investors on Tuesday, TheFlyOnTheWall.com reports.

Shares of Siemens AG (NASDAQ:SIEGY) traded up 0.44% on Tuesday, hitting $123.743. 73,306 shares of the company’s stock traded hands. Siemens AG has a 52-week low of $105.68 and a 52-week high of $139.28. The stock has a 50-day moving average of $124.7 and a 200-day moving average of $130.2. The company has a market cap of $104.2 billion and a price-to-earnings ratio of 15.90.

Siemens AG (NASDAQ:SIEGY) last announced its earnings results on Thursday, July 31st. The company reported $2.10 EPS for the quarter, missing the Thomson Reuters consensus estimate of $2.37 by $0.27. Analysts expect that Siemens AG will post $9.09 EPS for the current fiscal year.

Separately, analysts at RBC Capital upgraded shares of Siemens AG from a “sector perform” rating to an “outperform” rating in a research note on Friday, July 11th.

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