USINAS SIDERURG/S’s (USNZY) Hold Rating Reaffirmed at Zacks Investment Research

Zacks Investment Research reiterated their hold rating on shares of USINAS SIDERURG/S (OTCMKTS:USNZY) in a report published on Saturday, Zacks.com reports.

According to Zacks, “The USIMINAS SYSTEMS is Latin America’s biggest flat steel complex and it ranks among the world’s largest twenty steel producers. Usiminas is the System’s leader company, a conglomerate made up of companies that operate in the steel industry and businesses in which steel plays a strategic role. With a solid organizational culture and deeply committed to the stockholders and the society, the company is in a constant search for operating excellence, long-term vision and corporate responsibility. Presently, Usiminas leads a pool of companies and it has a strong focus on transparency in its relations with the capital market. “

Other analysts also recently issued reports about the stock. ValuEngine upgraded shares of USINAS SIDERURG/S from a sell rating to a hold rating in a report on Wednesday, May 29th. JPMorgan Chase & Co. downgraded shares of USINAS SIDERURG/S from an overweight rating to a neutral rating in a report on Tuesday, April 23rd. Morgan Stanley downgraded shares of USINAS SIDERURG/S from an overweight rating to a hold rating in a report on Tuesday, June 11th. Finally, Goldman Sachs Group downgraded shares of USINAS SIDERURG/S from a buy rating to a neutral rating in a report on Wednesday, June 19th. Five research analysts have rated the stock with a hold rating, The stock has a consensus rating of Hold and a consensus target price of $2.50.

Shares of USNZY stock opened at $2.29 on Friday. The business’s 50 day moving average is $2.11. USINAS SIDERURG/S has a 52 week low of $1.66 and a 52 week high of $2.92.

USINAS SIDERURG/S Company Profile

Usinas Siderúrgicas de Minas Gerais SA manufactures and markets flat steel products in Brazil and internationally. The company's products include heavy plates, sincron, hot and cold rolled products, laser welded assemblies, slits/rolls, blanks, and hot-dip galvanized and electrogalvanized coils and sheets.

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