Zacks Investment Research downgraded shares of ACERINOX SA/ADR (OTCMKTS:ANIOY) from a hold rating to a sell rating in a research report sent to investors on Monday morning.
According to Zacks, “Acerinox, S.A. is engaged in production and selling stainless steel. The Company also offers slabs, billets, black coils, sheets, angles and bars. It operates primarily in Spain, USA, South Africa and Malaysia. Acerinox, S.A. is headquartered in Madrid, Spain. “
Separately, ValuEngine lowered ACERINOX SA/ADR from a sell rating to a strong sell rating in a research note on Monday, November 26th.
ACERINOX SA/ADR Company Profile
Acerinox, SA, through its subsidiaries, manufactures, transforms, and markets stainless steel products in Spain, the Americas, Africa, Asia, and rest of Europe. The company's Flat Products segment offers slabs, flats, coils, plates, sheets, circles, and flat bars. Its Long Products segment provides bars, angles, wires, and wire rods.
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