Zacks Investment Research downgraded Alcoa Inc (NYSE:AA) to Hold in a statement released earlier today.
- Updated: October 13, 2016
Zacks Investment Research has downgraded Alcoa Inc (NYSE:AA) to Hold in a report released on 10/13/2016.
On 10/12/2016, Deutsche Bank reported about Alcoa Inc (NYSE:AA) reduced the target price from $36.00 to $33.00 that indicated a possible upside of 0.18%.
Just yesterday Alcoa Inc (NYSE:AA) traded -2.87% lower at $27.11. The company’s 50-day moving average is $29.71 and its 200-day average is $29.83. With the last stock price close down -9.11% from the 200-day moving average, compared to the S&P 500 Index which has decreased -0.01% over the date range. Trade Volume was up over the average, with 19,131,265 shares of AA changing hands over the typical 6,339,110
Recent Performance Chart
Alcoa Inc has with a 52 week low of $18.42 and a one year high of $34.50 and has a total market value of $0.
A total of 14 brokerages have issued a ratings update on the company. 3 brokers rating the stock a strong buy, 6 equity analysts rating the company a buy, eight brokerages rating the company a hold, zero analysts rating the company a underperform, and finally 1 broker rating the company a sell with a one year target of $10.89.
About Alcoa Inc (NYSE:AA)
Alcoa Inc. is engaged in lightweight metals engineering and manufacturing. The Company operates in five segments: Alumina, Primary Metals, Global Rolled Products, Engineered Products and Solutions, and Transportation and Construction Solutions. The Company's multi-material products, which include aluminum, titanium and nickel, are used across the world in aerospace, automobiles, commercial transportation, packaging, building and construction, defense, consumer electronics, oil and gas, and industrial applications. It is also engaged in the production and management of primary aluminum, fabricated aluminum, and alumina combined, through its participation in various aspects of the industry, including technology, mining, refining, smelting, fabricating and recycling. It has operations in approximately 30 countries. The Company has investments and operating activities in Australia, Brazil, China, Guinea, Iceland and Saudi Arabia, among others. It also refines alumina from bauxite ore.
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