South32 (SOUHY) Lifted to “Buy” at Citigroup
Citigroup upgraded shares of South32 (OTCMKTS:SOUHY) from a neutral rating to a buy rating in a report released on Tuesday morning, Marketbeat reports.
Several other brokerages have also recently commented on SOUHY. Deutsche Bank cut shares of South32 from a hold rating to a sell rating in a research note on Tuesday, November 7th. Zacks Investment Research cut shares of South32 from a buy rating to a hold rating in a research note on Tuesday, October 3rd. UBS cut shares of South32 from a buy rating to a neutral rating in a research note on Thursday, October 5th. ValuEngine cut shares of South32 from a strong-buy rating to a buy rating in a research note on Friday, September 1st. Finally, Macquarie cut shares of South32 from an outperform rating to a neutral rating in a research note on Thursday, August 31st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and an average price target of $15.00.
Shares of South32 (OTCMKTS:SOUHY) opened at $12.10 on Tuesday. The company has a quick ratio of 2.04, a current ratio of 2.48 and a debt-to-equity ratio of 0.06. South32 has a 12 month low of $9.20 and a 12 month high of $13.94.
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South32 Limited operates as a diversified metals and mining company primarily in Australia, Southern Africa, and South America. The company has a portfolio of assets producing alumina, aluminum, bauxite, energy and metallurgical coal, manganese ore and alloy, ferronickel, silver, lead, and zinc. It also exports its products.
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