Media coverage about ArcelorMittal (NYSE:MT) has trended somewhat positive recently, Accern Sentiment reports. Accern identifies positive and negative media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. ArcelorMittal earned a news sentiment score of 0.14 on Accern’s scale. Accern also assigned media coverage about the basic materials company an impact score of 46.1687982932686 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

These are some of the news headlines that may have impacted Accern’s scoring:

Several equities analysts have recently weighed in on MT shares. Deutsche Bank AG upgraded shares of ArcelorMittal from a “hold” rating to a “buy” rating and lifted their target price for the stock from $25.00 to $32.00 in a research note on Wednesday, July 12th. BidaskClub upgraded shares of ArcelorMittal from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 19th. Zacks Investment Research downgraded shares of ArcelorMittal from a “hold” rating to a “sell” rating in a research note on Thursday, October 5th. Jefferies Group LLC reiterated a “buy” rating and issued a $34.00 target price (up previously from $31.50) on shares of ArcelorMittal in a research note on Tuesday, July 18th. Finally, SBG Securities downgraded shares of ArcelorMittal from a “buy” rating to a “hold” rating in a research note on Sunday, July 30th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $30.77.

ArcelorMittal (NYSE MT) opened at 29.00 on Thursday. ArcelorMittal has a 52 week low of $18.63 and a 52 week high of $29.45. The company’s 50-day moving average is $26.79 and its 200 day moving average is $24.44. The stock has a market cap of $29.58 billion, a PE ratio of 9.13 and a beta of 2.10.

ArcelorMittal (NYSE:MT) last announced its quarterly earnings data on Thursday, July 27th. The basic materials company reported $1.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.55. ArcelorMittal had a net margin of 5.50% and a return on equity of 10.52%. The business had revenue of $17.24 billion during the quarter, compared to analyst estimates of $16.88 billion. During the same period last year, the firm posted $0.38 EPS. The company’s revenue was up 17.0% on a year-over-year basis. On average, analysts expect that ArcelorMittal will post $3.27 earnings per share for the current fiscal year.

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About ArcelorMittal

ArcelorMittal SA (ArcelorMittal) is a holding company. The Company, together with its subsidiaries, owns and operates steel manufacturing and mining facilities in Europe, North and South America, Asia and Africa. ArcelorMittal operates through five segments, which include NAFTA; Europe; Brazil; Africa and Commonwealth of Independent States (ACIS), and Mining.

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