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Alcoa (NYSE:AA) has been downgraded from Buy to Hold in a statement by Berenberg earlier today.

Berenberg has downgraded Alcoa (NYSE:AA) from Buy to Hold in a statement released on Friday September 22, 2017.

On 09/13/2017, BMO Capital Markets released a statement about Alcoa (NYSE:AA) upped the target price from $4.00 to $6.00 that suggested a downside of -0.87%.

Having a price of $46.25, Alcoa (NYSE:AA) traded -2.01% lower on the day. With the last stock price up 1.01% from the two hundred day average, compared with the Standard & Poor's 500 Index which has increased 0.04% over the same period. AA has recorded a 50-day average of $44.87 and a two hundred day average of $44.87. Trade Volume was down over the average, with 981,048 shares of AA changing hands under the typical 4,335,270

Recent Performance Chart

Alcoa (NYSE:AA)

Alcoa has PE ratio of 51.56 with a one year low of $20.00 and a one year high of $46.44 and has a market capitalization of $0.

A total of 14 brokerages have issued a ratings update on Alcoa. Three equity analysts rating the company a strong buy, six equity analysts rating the company a buy, eight analysts rating the company a hold, zero analysts rating the company a underperform, and finally one analyst rating the company a sell with a 12-month price target of $10.89.

More About Alcoa (NYSE:AA)

Alcoa Corporation, formerly Alcoa Upstream Corporation, is engaged in the production of bauxite, alumina and aluminum of various cast and rolled products. The Company is engaged in the production and management of aluminum and alumina combined through its participation in various aspects of the industry, such as technology, mining, refining, smelting, and recycling. The Company's segments include Bauxite, Alumina, Aluminum, Cast Products, Energy and Rolled Products. The Company's Bauxite segment represents its global portfolio of bauxite mining assets. The Company's Alumina segment represents its refining system across the world, and processes bauxite into alumina and sells it directly to internal and external smelter customers across the world. The Company's Aluminum segment represents its smelter system across the world. Its Energy segment represents its portfolio of energy assets, with power production capacity of approximately 1,685 megawatts.

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