USINAS SIDERURG/S (OTCMKTS:USNZY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Saturday, Zacks.com reports.
According to Zacks, “The USIMINAS SYSTEMS is Latin America’s biggest flat steel complex and it ranks among the world’s largest twenty steel producers. Usiminas is the System’s leader company, a conglomerate made up of companies that operate in the steel industry and businesses in which steel plays a strategic role. With a solid organizational culture and deeply committed to the stockholders and the society, the company is in a constant search for operating excellence, long-term vision and corporate responsibility. Presently, Usiminas leads a pool of companies and it has a strong focus on transparency in its relations with the capital market. “
A number of other equities analysts have also commented on the stock. JPMorgan Chase & Co. raised shares of USINAS SIDERURG/S from a “neutral” rating to an “overweight” rating in a research report on Wednesday, September 2nd. ValuEngine raised shares of USINAS SIDERURG/S from a “hold” rating to a “buy” rating in a research report on Wednesday, May 27th.
Shares of OTCMKTS:USNZY opened at $1.95 on Friday. The firm has a market cap of $1.02 billion, a PE ratio of 48.76 and a beta of 1.90. The firm’s 50 day simple moving average is $1.59 and its 200-day simple moving average is $1.30. USINAS SIDERURG/S has a one year low of $0.60 and a one year high of $2.66.
About USINAS SIDERURG/S
Usinas Siderúrgicas de Minas Gerais SA manufactures and markets flat steel products in Brazil and internationally. The company’s products include heavy plates, sincron, hot rolled coils, thin sheets, cold rolled steel products, and hot-dip galvanized and electrogalvanized coils and sheets. The company serves appliance, agricultural and highway machinery, construction and infrastructure, energy, shipbuilding, automotive, and distribution markets.
Recommended Story: The Discount Rate – What You Need to Know
Get a free copy of the Zacks research report on USINAS SIDERURG/S (USNZY)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for USINAS SIDERURG/S Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for USINAS SIDERURG/S and related companies with MarketBeat.com’s FREE daily email newsletter.