Shares of Mechel OAO (NYSE:MTL) have been assigned a consensus broker rating score of 3.00 (Hold) from the one brokers that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation.

Zacks has also given Mechel OAO an industry rank of 189 out of 265 based on the ratings given to its competitors.

Separately, Summit Redstone began coverage on shares of Mechel OAO in a research note on Tuesday, June 28th. They set a “buy” rating and a $10.00 price target on the stock.

A number of large investors have recently made changes to their positions in the company. Parametric Portfolio Associates LLC raised its stake in shares of Mechel OAO by 19.5% in the second quarter. Parametric Portfolio Associates LLC now owns 807,891 shares of the company’s stock valued at $1,357,000 after buying an additional 131,996 shares in the last quarter. Van ECK Associates Corp raised its stake in shares of Mechel OAO by 24.3% in the second quarter. Van ECK Associates Corp now owns 624,403 shares of the company’s stock valued at $1,049,000 after buying an additional 122,231 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in shares of 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 valued at $447,000 after buying an additional 28,748 shares in the last quarter. BlackRock Fund Advisors raised its stake in shares of Mechel OAO by 9.0% in the second quarter. BlackRock Fund Advisors now owns 413,740 shares of the company’s stock valued at $695,000 after buying an additional 34,281 shares in the last quarter. Finally, California Public Employees Retirement System raised its stake in shares of Mechel OAO by 17.3% in the second quarter. California Public Employees Retirement System now owns 945,850 shares of the company’s stock valued at $1,589,000 after buying an additional 139,400 shares in the last quarter. Hedge funds and other institutional investors own 7.40% of the company’s stock.

Mechel OAO (NYSE:MTL) opened at 2.69 on Thursday. Mechel OAO has a 12 month low of $1.23 and a 12 month high of $2.83. The firm’s market cap is $559.88 million. The firm has a 50 day moving average of $1.98 and a 200-day moving average of $1.86.

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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