ArcelorMittal SA (ADR) (MT) is Downgraded by JP Morgan to Underweight

ArcelorMittal SA (ADR) (MT) was Downgraded by JP Morgan to ” Underweight”. Earlier the firm had a rating of “Neutral ” on the company shares. JP Morgan advised their investors in a research report released on Apr 18, 2016.

Many Wall Street Analysts have commented on ArcelorMittal SA (ADR). ArcelorMittal SA (ADR) was Upgraded by Credit Suisse to ” Outperform” on Apr 13, 2016. ArcelorMittal SA (ADR) was Upgraded by Goldman to ” Buy” on Apr 12, 2016. ArcelorMittal SA (ADR) was Upgraded by Berenberg to ” Buy” on Mar 31, 2016.

On the company’s financial health, ArcelorMittal SA (ADR) reported $-0.09 EPS for the quarter, based on the information available during the earnings call on Nov 6, 2015. Analyst had a consensus estimate of $-0.09. The company had revenue of $15589.00 million for the quarter, compared to analysts expectations of $16379.01 million. During the same quarter in the previous year, the company posted $0.01 EPS.

ArcelorMittal SA (ADR) closed down -0.18 points or -3.13% at $5.58 with 1,44,92,182 shares getting traded on Friday. Post opening the session at $5.55, the shares hit an intraday low of $5.5 and an intraday high of $5.66 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

ArcelorMittal SA (ArcelorMittal) is a holding company. The Company is a steel and mining company which operates through five segments: NAFTA; Europe; Brazil; Africa and Commonwealth of Independent States (ACIS) and Mining. The Company produces a range of finished and semi-finished steel products. Specifically it produces flat steel products including sheet and plate and long steel products including bars rods and structural shapes. In addition the Company produces pipes and tubes for various applications. The Company also produces various types of mining products including iron ore lump fines concentrate and sinter feed as well as coking pulverized coal injection (PCI) and thermal coal. The Company’s subsidiaries include ArcelorMittal Dofasco Inc. ArcelorMittal Montreal Inc. ArcelorMittal Point Lisas Ltd. ArcelorMittal Belgium N.V. and ArcelorMittal South Africa Ltd. among others.

ArcelorMittal SA (ADR)

Leave a Reply

ArcelorMittal SA (ADR) - Is it time to Sell?

Top Brokerage Firms are advising their investors on ArcelorMittal SA (ADR). Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.