USINAS SIDERURG/S (OTCMKTS:USNZY) Upgraded by Zacks Investment Research to “Hold”

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

A number of other analysts have also recently weighed in on the company. Goldman Sachs Group cut USINAS SIDERURG/S from a “buy” rating to a “neutral” rating in a research report on Wednesday, June 19th. ValuEngine cut USINAS SIDERURG/S from a “hold” rating to a “sell” rating in a research report on Friday, August 23rd. Finally, Morgan Stanley cut USINAS SIDERURG/S from an “overweight” rating to a “hold” rating in a research report on Tuesday, June 11th. One analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. USINAS SIDERURG/S currently has a consensus rating of “Hold” and a consensus price target of $2.50.

Shares of USINAS SIDERURG/S stock traded down $0.11 during trading on Friday, reaching $1.90. The company’s stock had a trading volume of 648,060 shares, compared to its average volume of 25,698. USINAS SIDERURG/S has a 1-year low of $1.66 and a 1-year high of $2.92. The company has a 50-day simple moving average of $1.98 and a two-hundred day simple moving average of $2.23.


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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