Deutsche Bank upgraded AK Steel (NYSE:AKS) from Sell to Hold in a report released today.
- Updated: October 3, 2016
Deutsche Bank has upgraded AK Steel (NYSE:AKS) from Sell to Hold in a report released on Monday October 03, 2016.
Having a price of $4.83, AK Steel (NYSE:AKS) traded 0.73% higher on the day. The last stock close price is up 3.94% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. AKS has recorded a 50-day average of $4.64 and a two hundred day average of $4.68. Trading volume was down over the average, with 6,646,463 shares of AKS changing hands under the typical 12,393,500
Recent Performance Chart
AK Steel has one year low of $1.64 and a one year high of $7.09 and has a total market value of $0.
A total of 12 firms have reported on the stock. zero equity analysts rating the company a strong buy, 3 brokerages rating the stock a buy, eight analysts rating the company a hold, 2 brokers rating the stock a underperform, and finally one equity analyst rating the stock a sell with a consensus target price of $4.48.
More About 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 hot-rolled carbon steel products.
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