ArcelorMittal SA (ADR) (MT) is Upgraded by Goldman to Buy

ArcelorMittal SA (ADR) (MT) was Upgraded by Goldman to ” Buy”. Earlier the firm had a rating of “Neutral ” on the company shares. Goldman advised their investors in a research report released on Apr 12, 2016.

Many Wall Street Analysts have commented on ArcelorMittal SA (ADR). 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. ArcelorMittal SA (ADR) was Initiated by Morgan Stanley to “Overweight” on Mar 10, 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) opened for trading at $4.84 and hit $5.1 on the upside on Monday, eventually ending the session at $5.03, with a gain of 7.71% or 0.36 points. The heightened volatility saw the trading volume jump to 2,29,12,267 shares. Company has a market cap of $12,334 M.

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)

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