Companhia Siderurgica Nacional (SID) Downgraded by ValuEngine
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.
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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