Brokerage Firm Rating on National Steel Company (SID)

National Steel Company (SID) : Zacks Investment Research suggests a Hold with a rank of 3. 1 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock. 2 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 3 Wall Street Analysts endorse the stock as a Strong Sell with a rating of 4.67.


The shares have received a consensus rating of Sell for the current week National Steel Company (NYSE:SID): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $3.35 and $3.29 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $3.49. The buying momentum continued till the end and the stock did not give up its gains. It closed at $3.47, notching a gain of 3.89% for the day. The total traded volume was 933,163 . The stock had closed at $3.34 on the previous day.

Companhia Siderurgica Nacional (CSN) is a Brazil-based company primarily engaged in the steel industry. The Company divides its business into five segments: Steel sector, which is involved in the production, distribution and marketing of flat steel, galvanized steel and metal packaging; Mining sector, which is active in the production of iron ore; Cement sector, which is involved in the manufacture of cement, as well as in the exploration of limestone and dolomite; Logistics sector, which consists of around two railway companies and a hub port, and Energy sector, which includes investments in energy generation projects to guarantee the Companys self-sufficiency. The Company operates through subsidiaries, such as Companhia Metalurgica Prada, Sepetiba Tecon SA, Florestal Nacional SA, CSN Energia SA, Transnordestina Logistica SA, Estanho de Rondonia SA and CSN Cimentos SA, among others.

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