AK Steel (NYSE:AKS) has been upgraded from Underweight to Sector Weight in a statement by KeyBanc earlier today.
- Updated: September 19, 2016
KeyBanc has upgraded AK Steel(NYSE:AKS) from Underweight to Sector Weight in a report released on 9/19/2016.
On 9/15/2016, Jefferies & Co released a statement about AK Steel(NYSE:AKS) dropped the target price from $5.50 to $4.50 that indicated a possible upside of 0.11%.
Displaying a price of $4.11, AK Steel (NYSE:AKS) traded 0.00% even on the day. With the last stock price down 10.81% relative to the two hundred day moving average, compared with the S&P 500 which has fallen -0.01% over the same period. AKS has logged a 50-day moving average of $5.22 and two hundred day moving average of $4.61. Volume of trade was was down over the average, with 11,282,689 shares of AKS changing hands under the typical 11,678,800 shares.
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AK Steel has a one-year 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 equity analysts have issued a report on AKS. Zero rate the company a strong buy, three firms rate the company a buy, eight analyts rate the stock a hold, two brokerages rate the stock to underperform, and lastly one analystrate the stock as sell with a one year target of $4.48
Brief Synopsis On AK Steel (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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