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Commercial Metals Company (NYSE:CMC) has been downgraded to Neutral in a statement by Bank of America Corp earlier today.

Boasting a price of $18.24, Commercial Metals Company (NYSE:CMC) traded 1.54% higher on the day. With the last stock price close down 9.23% from the two hundred day average, compared with the S&P 500 Index which has increased 0.03% over the date range. Commercial Metals Company has recorded a 50-day average of $18.61 and a two hundred day average of $18.69. Volume of trade was up over the average, with 1,958,261 shares of CMC changing hands over the typical 1,937,720

Bank of America Corp has downgraded Commercial Metals Company (NYSE:CMC) to Neutral in a statement released on 6/08/2017.

On 05/25/2017, Jefferies & Co released a statement for Commercial Metals Company (NYSE:CMC) bumped up the target price from $0.00 to $19.00 that suggested an upside of 0.04%.

Performance Chart

Commercial Metals Company (NYSE:CMC)

With a total market value of $0, Commercial Metals Company has price-earnings ratio of 31.55 with a one year low of $15.16 and a one year high of $24.64 .

A total of 8 equity analysts have released a ratings update on CMC. One equity analyst rating the company a strong buy, one equity analyst rating the company a buy, six equity analysts rating the company a hold, one equity analyst rating the company a underperform, and finally one equity analyst rating the company a sell with a one year target of $16.56.

Brief Synopsis About Commercial Metals Company (NYSE:CMC)

Commercial Metals Company, together with its subsidiaries, manufactures, recycles and markets steel and metal products, related materials and services through a network. The Company's Americas Recycling segment processes scrap metals for use as a raw material by manufacturers of new metal products. The Americas Mills segment consists of steel mills, commonly referred to as minimills that produce reinforcing bar (rebar), angles, flats and rounds. Its Americas Fabrication segment consists of its steel fabrication facilities that bend, weld, cut and fabricate steel, primarily rebar. Its International Mill segment consists of its mill, recycling and fabrication operations located in Poland. Its International Marketing and Distribution segment includes international operations for the sales, distribution and processing of primary and secondary metals, fabricated metals, semi-finished, long and flat steel products, and other industrial products.

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