Mechel OAO (MTL) Given Consensus Recommendation of “Hold” by Analysts
Mechel OAO (NYSE:MTL) has earned an average broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation.
Zacks has also assigned Mechel OAO an industry rank of 83 out of 265 based on the ratings given to related companies.
Separately, Summit Redstone started coverage on shares of Mechel OAO in a research report on Tuesday, June 28th. They issued a “buy” rating and a $10.00 target price for the company.
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Shares of Mechel OAO (NYSE:MTL) remained flat at $2.95 during mid-day trading on Tuesday. The stock had a trading volume of 128,687 shares. The company’s market capitalization is $614.00 million. Mechel OAO has a 12 month low of $1.23 and a 12 month high of $3.06. The stock has a 50 day moving average price of $2.52 and a 200 day moving average price of $1.98.
Institutional investors have recently added to or reduced their stakes in the company. Parametric Portfolio Associates LLC boosted its position in Mechel OAO by 19.5% in the second quarter. Parametric Portfolio Associates LLC now owns 807,891 shares of the company’s stock worth $1,357,000 after buying an additional 131,996 shares in the last quarter. Van ECK Associates Corp boosted its position in Mechel OAO by 24.3% in the second quarter. Van ECK Associates Corp now owns 624,403 shares of the company’s stock worth $1,049,000 after buying an additional 122,231 shares in the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in Mechel OAO by 12.1% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 265,865 shares of the company’s stock worth $447,000 after buying an additional 28,748 shares in the last quarter. BlackRock Fund Advisors boosted its position in Mechel OAO by 9.0% in the second quarter. BlackRock Fund Advisors now owns 413,740 shares of the company’s stock worth $695,000 after buying an additional 34,281 shares in the last quarter. Finally, California Public Employees Retirement System boosted its position in Mechel OAO by 17.3% in the second quarter. California Public Employees Retirement System now owns 945,850 shares of the company’s stock worth $1,589,000 after buying an additional 139,400 shares in the last quarter. Institutional investors and hedge funds own 7.40% of the company’s stock.
Mechel OAO Company Profile
Mechel PAO (Mechel) is a holding company. The Company has operations in Russia, Ukraine, Turkey, Kazakhstan, the United States and Europe. Mechel operates through three segments: mining, steel and power. The mining segment produces metallurgical coal, such as coking coal, pulverized coal injection (PCI) and anthracite, steam coal, iron ore concentrate, coke and limestone.
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