Companhia Siderurgica Nacional (NYSE:SID) was downgraded by stock analysts at ValuEngine from a “hold” rating to a “sell” rating in a note issued to investors on Monday.

Several other equities analysts also recently commented on the stock. Bank of America initiated coverage on shares of Companhia Siderurgica Nacional in a report on Thursday, August 16th. They issued a “buy” rating on the stock. Zacks Investment Research downgraded shares of Companhia Siderurgica Nacional from a “buy” rating to a “hold” rating in a report on Wednesday, August 8th. Finally, Credit Suisse Group raised shares of Companhia Siderurgica Nacional from a “neutral” rating to an “outperform” rating in a report on Monday, June 4th. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $2.25.

Shares of NYSE:SID opened at $2.21 on Monday. The company has a debt-to-equity ratio of 2.99, a quick ratio of 0.76 and a current ratio of 1.25. Companhia Siderurgica Nacional has a 1-year low of $1.91 and a 1-year high of $3.53.

Hedge funds have recently added to or reduced their stakes in the company. IPG Investment Advisors LLC purchased a new stake in Companhia Siderurgica Nacional during the second quarter valued at $119,000. Banco de Sabadell S.A purchased a new stake in Companhia Siderurgica Nacional during the first quarter valued at $152,000. Credit Agricole S A purchased a new stake in Companhia Siderurgica Nacional during the second quarter valued at $193,000. A.R.T. Advisors LLC purchased a new stake in Companhia Siderurgica Nacional during the first quarter valued at $397,000. Finally, Barclays PLC raised its stake in Companhia Siderurgica Nacional by 28.9% during the first quarter. Barclays PLC now owns 347,366 shares of the basic materials company’s stock valued at $914,000 after purchasing an additional 77,779 shares in the last quarter. 1.96% of the stock is currently owned by hedge funds and other institutional investors.

Companhia Siderurgica Nacional Company Profile

Companhia Siderúrgica Nacional operates as an integrated steel producer in Brazil. It operates through five segments: Steel, Mining, Logistics, Cement, and Energy. It produces a line of steel products, including slabs, hot and cold-rolled, galvanized, and tin mill products for the distribution, packaging, automotive, home appliance, and construction industries.

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Analyst Recommendations for Companhia Siderurgica Nacional (NYSE:SID)

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