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AK Steel (NYSE:AKS) has been upgraded from Neutral to Overweight in a statement by JPMorgan today.

Yesterday AK Steel (NYSE:AKS) traded 0.53% higher at $4.59. The company’s 50-day moving average is $5.49 and its 200-day moving average is $6.27. The last stock close price is down -10.08% from the 200-day moving average, compared to the S&P 500 which has held steady over the same time. 11,522,961 shares of the stock were exchanged, down from an average trading volume of 18,006,200

JPMorgan has upgraded AK Steel (NYSE:AKS) from Neutral to Overweight in a report released on 12/07/2017.

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AK Steel has a 52 week low of $4.38 and a 52 week high of $11.39 with a P/E ratio of 14.76 The company’s market cap is currently $0.

In addition to JPMorgan reporting its target price, a total of 12 firms have issued a report on the stock. The consensus target price is $4.48 with 0 firms rating the stock a strong buy, 3 firms rating the stock a buy, 8 firms rating the stock a hold, 2 firms rating the stock a underperform, and finally 1 firm rating the stock a sell.

About AK Steel (NYSE:AKS)

AK Steel Holding Corporation is a producer of flat-rolled carbon, stainless and electrical steels, and tubular products through its subsidiary, AK Steel Corporation (AK Steel). The Company also operates blast furnaces and electric arc furnaces. As of December 31, 2016, its operations included eight steelmaking and finishing plants, two coke plants and two tube manufacturing plants across states, including Indiana, Kentucky, Michigan, Ohio, Pennsylvania and West Virginia, and a tube manufacturing plant in Mexico. 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. It also produces metallurgical coal through its subsidiary, AK Coal Resources, Inc. In addition, the Company operates trading companies in Mexico and Europe that buy and sell steel and steel products and other materials.

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