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Alcoa (NYSE:AA) was downgraded by equities researchers at S&P Equity Research to a “strong sell” rating in a research report issued on Friday.

Shares of Alcoa (NYSE:AA) traded down 0.07% during mid-day trading on Friday, hitting $14.93. 17,908,752 shares of the company’s stock traded hands. Alcoa has a 52-week low of $7.63 and a 52-week high of $15.18. The stock has a 50-day moving average of $13.92 and a 200-day moving average of $12.27. The company’s market cap is $17.502 billion. Alcoa also was the target of a large drop in short interest during the month of May. As of May 30th, there was short interest totalling 67,172,239 shares, a drop of 11.6% from the May 15th total of 76,002,433 shares. Currently, 5.7% of the company’s stock are short sold. Based on an average daily volume of 13,161,801 shares, the short-interest ratio is presently 5.1 days.

Alcoa (NYSE:AA) last issued its quarterly earnings data on Tuesday, April 8th. The company reported $0.09 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.05 by $0.04. The company had revenue of $5.45 billion for the quarter, compared to the consensus estimate of $5.56 billion. During the same quarter last year, the company posted $0.11 earnings per share. Alcoa’s revenue was down 6.5% compared to the same quarter last year. On average, analysts predict that Alcoa will post $0.46 earnings per share for the current fiscal year.

Other equities research analysts have also recently issued reports about the stock. Analysts at ISI Group reiterated a “buy” rating on shares of Alcoa in a research note on Friday. Separately, analysts at RBC Capital raised their price target on shares of Alcoa from $15.00 to $16.00 in a research note on Friday. They now have a “sector perform” rating on the stock. Finally, analysts at Sterne Agee reiterated a “buy” rating on shares of Alcoa in a research note on Friday. They now have a $18.00 price target on the stock, up previously from $15.00. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and seven have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $14.17.

Alcoa Inc (NYSE:AA) is engaged in lightweight metals, products and solutions.

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