ArcelorMittal SA (ADR) (NYSE:MT) has been downgraded to Neutral in a statement by Goldman Sachs Group Inc. earlier today.
- Updated: October 13, 2016
Goldman Sachs Group Inc. has downgraded ArcelorMittal SA (ADR) (NYSE:MT) to Neutral in a statement released on 10/13/2016.
Boasting a price of $6.09, ArcelorMittal SA (ADR) (NYSE:MT) traded -3.72% lower on the day. With the last stock price close up 10.70% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. ArcelorMittal SA (ADR) has recorded a 50-day average of $6.00 and a two hundred day average of $5.50. Volume of trade was down over the average, with 6,090,395 shares of MT changing hands under the typical 17,300,500
With a total market value of $0, ArcelorMittal SA (ADR) has with a one year low of $2.93 and a one year high of $6.59 .
A total of 6 equity analysts have released a ratings update on MT. Two firms rating the stock a strong buy, 1 firm rating the stock a buy, 3 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell with a consensus target price of $5.98.
More About ArcelorMittal SA (ADR) (NYSE:MT)
ArcelorMittal S.A. (ArcelorMittal) is a holding company. The Company is an integrated steel and mining company. ArcelorMittal operates through five segments: 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). ArcelorMittal produces flat steel products, including sheet and plate, and long steel products, including bars, rods and structural shapes. In addition, ArcelorMittal produces pipes and tubes for various applications.
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