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Macquarie upgraded ArcelorMittal SA (ADR) (NYSE:MT) to Outperform in a report released today.

Yesterday ArcelorMittal SA (ADR) (NYSE:MT) traded 1.70% higher at $22.30. The company’s 50-day moving average is $26.96 and its 200-day moving average is $24.51. The last stock close price is down 21.76% from the 200-day moving average, compared to the S&P 500 which has increased 0.02% over the same time. 3,147,272 shares of the stock were exchanged, down from an average trading volume of 4,390,790

Macquarie has upgraded ArcelorMittal SA (ADR) (NYSE:MT) to Outperform in a report released on 05/25/2017.

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ArcelorMittal SA (ADR) (NYSE:MT)

ArcelorMittal SA (ADR) has a 52 week low of $18.84 and a 52 week high of $29.97 with a P/E ratio of 9.39 The company’s market cap is currently $0.

In addition to Macquarie reporting its target price, a total of 6 firms have reported on the stock. The consensus target price is $5.98 with 2 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.

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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