ArcelorMittal SA (MT) Trading Down 2.9%
ArcelorMittal SA (NYSE:MT) fell 2.9% during mid-day trading on Friday . The stock traded as low as $6.34 and last traded at $6.36, with a volume of 6,939,970 shares traded. The stock had previously closed at $6.55.
Several research firms have issued reports on MT. Vetr downgraded shares of ArcelorMittal SA from a “strong-buy” rating to a “buy” rating and set a $5.66 price objective for the company. in a research note on Monday, June 20th. Berenberg Bank reiterated a “buy” rating on shares of ArcelorMittal SA in a research note on Sunday, May 29th. Citigroup Inc. reiterated a “buy” rating on shares of ArcelorMittal SA in a research note on Wednesday, June 29th. Nord/LB set a €4.00 ($4.49) price objective on shares of ArcelorMittal SA and gave the stock a “neutral” rating in a research note on Thursday, May 19th. Finally, TheStreet upgraded shares of ArcelorMittal SA from a “sell” rating to a “hold” rating in a research note on Friday, July 29th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and ten have given a buy rating to the company. ArcelorMittal SA has a consensus rating of “Hold” and an average target price of $5.24.
The stock’s market capitalization is $19.45 billion. The company’s 50 day moving average price is $5.86 and its 200-day moving average price is $4.97.
ArcelorMittal SA (NYSE:MT) last issued its quarterly earnings data on Friday, July 29th. The company reported $0.38 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.35. The company had revenue of $14.74 billion for the quarter, compared to the consensus estimate of $15.23 billion. The firm’s revenue was down 12.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.10 earnings per share. On average, equities research analysts predict that ArcelorMittal SA will post $0.45 EPS for the current fiscal year.
ArcelorMittal SA (ArcelorMittal) is a holding company. The Company is an integrated steel and mining company. ArcelorMittal operates through five segments: NAFTA; Europe; Brazil; Africa and Commonwealth of Independent States (ACIS), and Mining. The NAFTA segment produces flat, long and tubular products.
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