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ArcelorMittal SA (ADR) (NYSE:MT) has been downgraded to Hold in a report by Zacks Investment Research today.

Yesterday ArcelorMittal SA (ADR) (NYSE:MT) traded 2.89% higher at $20.79. The company’s 50-day moving average is $26.47 and its 200-day moving average is $24.31. The last closing price is down 12.05% from the 200-day moving average, compared to the S&P 500 which has increased 0.03% over the same time period. 3,034,409 shares of the stock traded hands, down from an average trading volume of 4,886,170

Zacks Investment Research has downgraded ArcelorMittal SA (ADR) (NYSE:MT) to Hold in a report released on 6/08/2017.

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ArcelorMittal SA (ADR) (NYSE:MT)

ArcelorMittal SA (ADR) has a 52 week low of $18.24 and a 52 week high of $28.11 with a P/E ratio of 8.57 The company’s market cap is currently $0.

In addition to Zacks Investment Research reporting its stock price target, a total of 6 brokers have issued a report on the company. The average stock price target is $5.98 with 2 brokers rating the stock a strong buy, 1 broker rating the stock a buy, 3 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.

General Information About ArcelorMittal SA (ADR) (NYSE:MT)

ArcelorMittal S.A. (ArcelorMittal) is a holding company. The Company, together with its subsidiaries, owns and operates steel manufacturing and mining facilities in Europe, North and South America, Asia and Africa. ArcelorMittal operates through five segments, which include NAFTA; Europe; Brazil; Africa and Commonwealth of Independent States (ACIS), and Mining. The NAFTA segment produces flat, long and tubular products. The Brazil segment includes the flat operations of Brazil, and the long and tubular operations of Brazil and neighboring countries. The Europe segment is the flat steel producer in Europe. The ACIS segment produces a combination of flat, long products and tubular products. The Mining segment comprises all mines owned by ArcelorMittal in the Americas, Asia, Europe and Africa. It produces a range of finished and semi-finished steel products (semis).

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