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Alcoa (NYSE:AA) was upgraded by equities researchers at TheStreet from a “hold” rating to a “buy” rating in a research report issued on Thursday.

The analysts wrote, “Alcoa (AA) has been upgraded by TheStreet Ratings from hold to buy. The company’s strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, good cash flow from operations and increase in net income. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.”

Alcoa (NYSE:AA) traded up 0.89% during mid-day trading on Thursday, hitting $15.83. The stock had a trading volume of 17,086,458 shares. Alcoa has a one year low of $7.68 and a one year high of $15.76. The stock has a 50-day moving average of $14.25 and a 200-day moving average of $12.63. The company’s market cap is $18.586 billion.

Alcoa (NYSE:AA) last issued its quarterly earnings data on Tuesday, July 8th. The company reported $0.18 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.12 by $0.06. The company had revenue of $5.84 billion for the quarter, compared to the consensus estimate of $5.66 billion. During the same quarter last year, the company posted $0.07 earnings per share. Alcoa’s revenue was down .2% compared to the same quarter last year. Analysts expect that Alcoa will post $0.52 EPS for the current fiscal year.

A number of other analysts have also recently weighed in on AA. Analysts at ISI Group reiterated a “buy” rating on shares of Alcoa in a research note on Thursday. They now have a $2.15 price target on the stock. Separately, analysts at Morgan Stanley upgraded shares of Alcoa from an “equal weight” rating to an “overweight” rating in a research note on Thursday. Finally, analysts at JPMorgan Chase & Co. set a $18.50 price target on shares of Alcoa in a research note on Wednesday. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and seven have assigned a buy rating to the stock. Alcoa currently has a consensus rating of “Hold” and an average target price of $13.88.

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

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