Zacks Investment Research downgraded Ternium SA (ADR) (NYSE:TX) to Hold in a report released today.
- Updated: October 8, 2016
Zacks Investment Research has downgraded Ternium SA (ADR) (NYSE:TX) to Hold in a report released on Thursday October 06, 2016.
Yesterday Ternium SA (ADR) (NYSE:TX) traded -0.31% lower at $19.22. The company’s 50-day moving average is $19.87 and its 200-day moving average is $19.72. The last stock close price is down -2.96% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 186,779 shares of the stock were exchanged, down from an average trading volume of 324,758
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Ternium SA (ADR) has a 52 week low of $10.28 and a 52 week high of $23.60 with a P/E ratio of 25.55 The company’s market cap is currently $0.
In addition to Zacks Investment Research reporting its target price, a total of 12 firms have reported on the stock. The consensus target price is $21.13 with 2 firms rating the stock a strong buy, 6 firms rating the stock a buy, 4 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.
About Ternium SA (ADR) (NYSE:TX)
Ternium S.A. is a producer of steel products. The Company produces finished and semi-finished steel products and iron ore, which are sold either directly to steel manufacturers, steel processors or end users. The Company operates through two segments: Steel and Mining. The Steel segment includes the sales of steel products and the Mining segment includes the sales of iron ore products, which are primarily inter-company. The Steel segment comprises three operating segments: Mexico, the Southern Region and Other Markets. In the steel segment, steel products include slabs, billets and round bars (steel in its basic, semi-finished state), hot-rolled coils and sheets, bars and stirrups, wire rods, cold-rolled coils and sheets, tin plate, hot dipped galvanized and electrogalvanized sheets and pre-painted sheets, steel pipes and tubular products, beams, roll-formed products, and other products. In the mining segment, iron ore is sold as concentrates (fines) and pellets.
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