ArcelorMittal SA (NYSE:MT) has been given a “BB-” credit rating by analysts at Morningstar. The research firm’s “BB-” rating indicates that the company is an above-average default risk. They also gave their stock a four star rating.

ArcelorMittal SA (NYSE:MT) opened at 3.57 on Monday. The firm’s 50-day moving average price is $3.90 and its 200 day moving average price is $6.25. The company’s market capitalization is $6.41 billion. ArcelorMittal SA has a 12-month low of $3.25 and a 12-month high of $11.95.

ArcelorMittal SA (NYSE:MT) last released its quarterly earnings data on Friday, November 6th. The company reported ($0.21) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.02) by $0.19. The company had revenue of $15.60 billion for the quarter, compared to analyst estimates of $15.71 billion. During the same period in the prior year, the company posted $0.01 EPS. On average, equities research analysts expect that ArcelorMittal SA will post ($0.71) EPS for the current fiscal year.

Other analysts have also recently issued research reports about the company. Credit Suisse decreased their target price on ArcelorMittal SA from $15.00 to $10.50 and set an “outperform” rating for the company in a research report on Monday, September 28th. Zacks Investment Research cut ArcelorMittal SA from a “buy” rating to a “hold” rating in a research report on Wednesday, September 30th. Citigroup Inc. raised ArcelorMittal SA from a “sell” rating to a “buy” rating in a research report on Monday, October 5th. JPMorgan Chase & Co. raised ArcelorMittal SA from a “neutral” rating to an “overweight” rating in a research report on Friday, October 9th. Finally, Berenberg Bank began coverage on ArcelorMittal SA in a research report on Wednesday, October 14th. They set a “buy” rating for the company. Four research analysts have rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $7.69.

ArcelorMittal SA (NYSE:MT) is a holding company. The Company is a steel and mining company, which operates through five segments: NAFTA; Europe; Brazil; Africa and Commonwealth of Independent States (ACIS), and Mining. The Company produces a range of finished and semi-finished steel products. Specifically, it produces flat steel products, including sheet and plate, and long steel products, including bars, rods and structural shapes. In addition, the Company produces pipes and tubes for various applications. The Company also produces various types of mining products, including iron ore lump, fines, concentrate and sinter feed, as well as coking, pulverized coal injection (PCI) and thermal coal. The Company’s subsidiaries include ArcelorMittal Dofasco Inc., ArcelorMittal Montreal Inc., ArcelorMittal Point Lisas Ltd., ArcelorMittal Belgium N.V. and ArcelorMittal South Africa Ltd., among others.

12 Month Chart for NYSE:MT

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