Zacks Investment Research Upgrades USINAS SIDERURG/S (USNZY) to “Hold”

USINAS SIDERURG/S (OTCMKTS:USNZY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Wednesday, 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. “

Several other analysts have also recently commented on the company. JPMorgan Chase & Co. cut USINAS SIDERURG/S from an “overweight” rating to a “neutral” rating in a research report on Tuesday, April 23rd. ValuEngine cut USINAS SIDERURG/S from a “hold” rating to a “sell” rating in a research report on Wednesday, February 20th.

Shares of USINAS SIDERURG/S stock traded down $0.02 during midday trading on Wednesday, hitting $1.99. The company’s stock had a trading volume of 7,034 shares, compared to its average volume of 14,995. USINAS SIDERURG/S has a 1-year low of $1.66 and a 1-year high of $2.98.

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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