FRIDAY, 30 JANUARY 2015
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Deutsche Bank Rating Disclosure on ArcelorMittal SA (ADR)
JANUARY 30, 2015 BY JOE WILLAMS
Deutsche Bank maintains their rating on the shares of ArcelorMittal SA (ADR) (NYSE:MT). The current rating of the shares is Hold. Equity Analysts at the Firm lowers the price target to $12.5 per share from $14.5 per share.Many firms have commented on the short term and long term price target. ArcelorMittal SA (ADR) (NYSE:MT): 5 Brokerage firm Analysts have agreed with the mean estimate for the short term price target of $14.3 in ArcelorMittal SA (ADR) (NYSE:MT). However, the stock price could fluctuate by $ 2.59 from the estimate as it is suggested by the standard deviation reading. The higher estimate has been put at $18 price target with the lower price estimate is calculated at $12
ArcelorMittal SA (ADR) (NYSE:MT) has received a Neutral rating from research analysts at Zacks with a rating of 3. The company has been rated an average of 1.83 by 6 Wall Street Analysts. 3 analysts have added the counter in their list of strong buys. 1 stock experts have also rated a buy. 2 broker firms see some more upside in the counter and have advised hold.
Investors in ArcelorMittal SA (ADR) (NYSE:MT) witnessed a surge in their wealth as the shares shot up 0.85% or 0.08 points to close at $9.49. The trading commenced at $9.53 and the price never settled into the negative territory, finally ending the session in the positive territory; this indicates strong inherent strength in the upmove. The previous close of the counter was $9.41. Interestingly, the 52-week high of the share price is $17.47. At close, the volume was measured at 5,667,730 shares. With 1,665,392,000 shares outstanding, the market cap of the company is $15,805 million. The shares have a 52-week low of $9.21.
ArcelorMittal SA (ArcelorMittal) is a global steel producer. During the year ended December 31, 2010, ArcelorMittal had steel shipments of approximately 85 million tons and crude steel production of approximately 90.6 million tons. ArcelorMittal produces a range of finished and semi-finished products. ArcelorMittal produces flat products, including sheet and plate, long products, including bars, rods and structural shapes, and stainless steel products. The Company operates in five segments: Flat Carbon Americas; Flat Carbon Europe; Long Carbon Americas and Europe; Asia, Africa and Commonwealth of Independent States (CIS) (AACIS), and Distribution Solutions. ArcelorMittal also produces pipes and tubes for various applications. In July 2014, ArcelorMittal SA completed the sale of 78% in European port handling and logistics company ATIC Services SA to HES Beheer.
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