Mechel PAO (MTL) Earns “Hold” Rating from Canaccord Genuity
Canaccord Genuity reiterated their hold rating on shares of Mechel PAO (NYSE:MTL) in a report issued on Thursday. The firm currently has a $16.50 price objective on the basic materials company’s stock.
MTL has been the topic of a number of other research reports. BidaskClub upgraded shares of Mechel PAO from a hold rating to a buy rating in a research note on Thursday, August 24th. ValuEngine lowered shares of Mechel PAO from a buy rating to a hold rating in a research note on Friday, September 1st.
Mechel PAO (NYSE:MTL) opened at $4.22 on Thursday. The company has a quick ratio of 0.06, a current ratio of 0.14 and a debt-to-equity ratio of -0.07. Mechel PAO has a 52 week low of $4.16 and a 52 week high of $6.83.
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About Mechel PAO
Mechel PAO, formerly Mechel OAO, is a holding company. The Company operates in the mining, steel and power industry segments. Its segments include Steel segment, comprising production and sales of semi-finished steel products, carbon and specialty long products, carbon and stainless flat products, and value-added downstream metal products, including forgings, stampings, and hardware, and ferrosilicon; Mining segment, comprising production and sales of coal (coking and steam), and middlings, coke and chemical products, and iron ore, which supplies raw materials to the Steel and Power segments, and also sells raw materials to third parties, and Power segment, comprising generation and sales of electricity and heat power, which supplies electricity and heat power to the Steel and Mining segments, and also sells a portion of electricity and heat power to third parties.
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