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A statement released earlier today by KeyCorp about AK Steel Holding Corporation (NYSE:AKS) bumps down the target price to $4.00

AK Steel Holding Corporation (NYSE:AKS) had its price target bumped down to $4 by KeyCorp in a report issued 8/19/2016. The latest target price implies a possible downside of -0.14% based on the bussiness’ last stock close price.

Just yesterday AK Steel Holding Corporation (NYSE:AKS) traded 1.23% higher at $4.67. The company’s 50-day moving average is $5.22 and its 200-day average is $4.61. With the last close up 10.81% from the 200-day moving average, compared to the S&P 500 Index which has fallen -0.01% over the same time period. 11,250,311 shares of AK Steel Holding Corporation traded, down from ann average volume of 11,678,800.

Performance Chart:

AK Steel Holding Corporation (NYSE:AKS)

AK Steel Holding Corporation has a 52 week low of $1.64 and a one-year high of $7.09. AKS’s total market value is presently $0.0.

A total of 12 analysts have reported on AKS. Zero rate the company a strong buy, three firms rate the company a buy, eight firms rate the company a hold, two firms rate the stock to underperform, and lastly one brokeragerate the company as sell with a one year target price of $4.48

More About AK Steel Holding Corporation (NYSE:AKS)

AK Steel Holding Corporation is an integrated producer of flat-rolled carbon, stainless and electrical steels and tubular products through its subsidiary, AK Steel Corporation (AK Steel). The Company operates approximately eight steelmaking and finishing plants, over two coke plants and approximately two tube manufacturing plants across states, which include Indiana, Kentucky, Michigan, Ohio, Pennsylvania and West Virginia. These operations produce flat-rolled carbon, specialty stainless and electrical steels that it sells in sheet and strip form, and carbon and stainless steel that it finishes into welded steel tubing. The Company also produces metallurgical coal through its subsidiary, AK Coal Resources, Inc. (AK Coal). In addition, the Company operates trading companies in Mexico and Europe that buy and sell steel and steel products and other materials. It sells flat-rolled carbon steel products, consisting of coated, cold-rolled, and and hot-rolled carbon steel products.

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