Royal Bank Of Canada upgraded shares of ArcelorMittal SA (NYSE:MT,) from a sector perform rating to an outperform rating in a research report sent to investors on Friday morning.

A number of other brokerages also recently weighed in on MT,. Goldman Sachs Group Inc. downgraded ArcelorMittal SA from a buy rating to a neutral rating in a report on Thursday, October 13th. RBC Capital Markets raised ArcelorMittal SA from a sector perform rating to an outperform rating in a report on Sunday. Bank of America Corp. downgraded ArcelorMittal SA from a buy rating to a neutral rating in a report on Tuesday, November 8th. Finally, JPMorgan Chase & Co. reissued a neutral rating on shares of ArcelorMittal SA in a report on Sunday, August 21st. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. ArcelorMittal SA has a consensus rating of Buy and a consensus price target of $5.48.

ArcelorMittal SA (NYSE:MT,) opened at 7.47 on Friday. ArcelorMittal SA has a 1-year low of $2.93 and a 1-year high of $7.69. The firm has a 50-day moving average price of $6.79 and a 200-day moving average price of $5.89. The firm’s market capitalization is $22.85 billion.

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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.

5 Day Chart for NYSE:MT,

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