ArcelorMittal SA (MT,) Downgraded by Goldman Sachs Group Inc.
ArcelorMittal SA (NYSE:MT,) was downgraded by equities researchers at Goldman Sachs Group Inc. from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Thursday.
Separately, JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of ArcelorMittal SA in a report on Sunday, August 21st. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. ArcelorMittal SA has an average rating of “Buy” and an average price target of $5.48.
Shares of ArcelorMittal SA (NYSE:MT,) traded down 2.69% during midday trading on Thursday, hitting $6.15. The company had a trading volume of 15,837,219 shares. The company’s market capitalization is $18.81 billion. The company has a 50-day moving average of $6.00 and a 200-day moving average of $5.50. ArcelorMittal SA has a 12 month low of $2.93 and a 12 month high of $6.59.
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ArcelorMittal SA Company Profile
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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