AK Steel Holding Corporation (NYSE:AKS) has been upgraded to Hold in a statement by Deutsche Bank AG earlier today.
- Updated: October 3, 2016
Having a price of $4.83, AK Steel Holding Corporation (NYSE:AKS) traded 0.73% higher on the day. The last stock close price is up 3.94% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. AKS has recorded a 50-day moving average of $4.64 and a 200-day moving average of $4.68. 6,646,463 shares of AKS traded hands, down from an average trading volume of 12,393,500
Deutsche Bank AG has upgraded AK Steel Holding Corporation (NYSE:AKS) to Hold in a statement released on Monday October 03, 2016.
Recent Performance Chart
AK Steel Holding Corporation has 52 week low of $1.64 and a 52 week high of $7.09 and has a market capitalization of $0.
In addition to Deutsche Bank AG reporting its stock price target, a total of 12 brokers have issued a research note on the company. The average stock price target is $4.48 with 0 brokers rating the stock a strong buy, 3 brokers rating the stock a buy, 8 brokers rating the stock a hold, 2 brokers rating the stock a underperform, and finally 1 broker rating the stock a sell.
Brief Synopsis On 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 hot-rolled carbon steel products.
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