Zacks Investment Research downgraded ArcelorMittal SA (ADR) (NYSE:MT) to Hold in a report released today.
- Updated: September 20, 2016
Zacks Investment Research has downgraded ArcelorMittal SA (ADR)(NYSE:MT) to Hold in a report released on 9/20/2016.
On Tuesday September 13 2016, Vetr Inc. released a statement about ArcelorMittal SA (ADR)(NYSE:MT) raised the target price from $0.00 to $6.78 that indicated a possible upside of 0.20%.
Just yesterday ArcelorMittal SA (ADR) (NYSE:MT) traded 1.88% lower at $5.58. MT’s 50-day moving average is $6.12 and its 200-day moving average is $5.32. With the last stock price up 2.84% relative to the 200-day average, compared to the S&P 500 which has fallen -0.01% over the same time. 13,644,499 shares of ArcelorMittal SA (ADR) were exchanged, down from ann average volume of 17,353,900.
With a market cap of $0.0, ArcelorMittal SA (ADR) has a 52 week low of $2.93 and a 52 week high of $6.94 with a PE ratio of 0.
A total of 6 firms have issued a report on MT. Two firms rate the stock a strong buy, one analyst rate the company a buy, three analyts rate the company a hold, 0 rate the company to underperform, and finally 0 brokeragesrate the company as sell with a one year target 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, and ArcelorMittal produces pipes and tubes for various applications.
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