ArcelorMittal SA (MT,) Stock Rating Upgraded by RBC Capital Markets
ArcelorMittal SA (NYSE:MT,) was upgraded by RBC Capital Markets from a “sector perform” rating to an “outperform” rating in a research note issued on Sunday.
MT, has been the topic of several other research reports. JPMorgan Chase & Co. reissued a “neutral” rating on shares of ArcelorMittal SA in a research report on Sunday, August 21st. Bank of America Corp. lowered shares of ArcelorMittal SA from a “buy” rating to a “neutral” rating in a research report on Tuesday, November 8th. Finally, Goldman Sachs Group Inc. lowered shares of ArcelorMittal SA from a “buy” rating to a “neutral” rating in a research report on Thursday, October 13th. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $5.48.
Shares of ArcelorMittal SA (NYSE:MT,) opened at 7.61 on Friday. The firm’s market cap is $23.28 billion. The firm has a 50-day moving average of $6.76 and a 200-day moving average of $5.85. ArcelorMittal SA has a 12 month low of $2.93 and a 12 month high of $7.69.
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ArcelorMittal SA Company Profile
ArcelorMittal SA (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.
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