Ternium SA (ADR) (TX) is Initiated by Berenberg to Buy

Ternium SA (ADR) (TX) was Initiated by Berenberg to “Buy”. Berenberg advised their investors in a research report released on Nov 23, 2016.

Many Wall Street Analysts have commented on Ternium SA (ADR). Ternium SA (ADR) was Downgraded by HSBC Securities to ” Hold” on Nov 9, 2016.

On the company’s financial health, Ternium SA (ADR) reported $1.17 EPS for the quarter, beating the analyst consensus estimate by $ 0.27 according to the earnings call on Nov 3, 2016. Analyst had a consensus of $0.90. The company had revenue of $1856.10 million for the quarter, compared to analysts expectations of $1840.53 million. The company’s revenue was down -4.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.13 EPS.

Ternium SA (ADR) closed down -0.18 points or -0.82% at $21.71 with 3,94,490 shares getting traded on Monday. Post opening the session at $21.88, the shares hit an intraday low of $21.67 and an intraday high of $22.06 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

Ternium S.A. is a steel producer in Latin America. The Company manufactures and processes a range of steel products including galvanized and electro-galvanized sheets pre-painted sheets tinplate welded pipes hot-rolled flat products cold-rolled products bars and wire rods as well as slitted and cut-to-length offerings through its service centers. It operates through two segments: Steel and Mining. The Steel segment includes the sales of steel products which comprises slabs hot rolled coils and sheets cold rolled coils and sheets tin plate welded pipes hot dipped galvanized and electro-galvanized sheets pre-painted sheets billets wire rod and bars and other products to serve its customers. The Steel segment comprises three operating segments: Mexico Southern Region and Other markets. The Mining segment includes the sales of mining products mainly iron ore and pellets and comprises the mining activities of Las Encinas Pena Colorada another iron ore mining company.

Ternium SA (ADR)

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