ArcelorMittal Stock Rating Upgraded by UBS AG (MT)
ArcelorMittal traded down 2.48% on Monday, hitting $14.56. ArcelorMittal has a 52-week low of $13.28 and a 52-week high of $21.61. The stock’s 50-day moving average is currently $16.08. The company’s market cap is $22.555 billion.
MT has been the subject of a number of other recent research reports. Analysts at Zacks reiterated an underperform rating on shares of ArcelorMittal in a research note to investors on Thursday, March 7th. They now have a $13.00 price target on the stock. Separately, analysts at TheStreet upgraded shares of ArcelorMittal from a sell rating to a hold rating in a research note to investors on Wednesday, March 6th. Finally, analysts at HSBC upgraded shares of ArcelorMittal from an underweight rating to a neutral rating in a research note to investors on Friday, February 22nd. They now have a $16.00 price target on the stock.
Sixteen analysts have rated the stock with a buy rating, fourteen have issued a hold rating, one has given an underweight rating, and four have given a sell rating to the stock. ArcelorMittal has a consensus rating of overweight and a consensus price target of $18.55.
ArcelorMittal is a global steel producer. The Company has steel-making operations in 20 countries on four continents, including 65 integrated, mini-mill and integrated mini-mill steel-making facilities.
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