ValuEngine cut shares of Companhia Siderurgica Nacional (NYSE:SID) from a hold rating to a sell rating in a research report released on Wednesday.

SID has been the subject of several other reports. Zacks Investment Research raised shares of Companhia Siderurgica Nacional from a hold rating to a buy rating and set a $2.25 price objective for the company in a research note on Thursday, July 19th. TheStreet raised shares of Companhia Siderurgica Nacional from a d+ rating to a c rating in a research note on Friday, May 18th. Finally, Credit Suisse Group raised shares of Companhia Siderurgica Nacional from a neutral rating to an outperform rating in a research note on Monday, June 4th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of Hold and an average target price of $2.25.

NYSE SID opened at $2.27 on Wednesday. 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 52 week low of $1.91 and a 52 week high of $3.55.

A number of hedge funds and other institutional investors have recently bought and sold shares of SID. IPG Investment Advisors LLC purchased a new position in Companhia Siderurgica Nacional during the second quarter worth $119,000. Deutsche Bank AG boosted its stake in Companhia Siderurgica Nacional by 33.6% during the fourth quarter. Deutsche Bank AG now owns 61,795 shares of the basic materials company’s stock worth $151,000 after buying an additional 15,537 shares during the period. Banco de Sabadell S.A purchased a new position in Companhia Siderurgica Nacional during the first quarter worth $152,000. Credit Agricole S A bought a new stake in shares of Companhia Siderurgica Nacional during the second quarter worth $193,000. Finally, A.R.T. Advisors LLC bought a new stake in shares of Companhia Siderurgica Nacional during the first quarter worth $397,000. 2.90% of the stock is owned by 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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