USINAS SIDERURG/S (OTCMKTS:USNZY) Given Hold Rating at Zacks Investment Research

Zacks Investment Research restated their hold rating on shares of USINAS SIDERURG/S (OTCMKTS:USNZY) in a report issued 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 equities research analysts have also issued reports about the stock. Morgan Stanley lowered shares of USINAS SIDERURG/S from an overweight rating to a hold rating in a research note on Tuesday, June 11th. Goldman Sachs Group lowered shares of USINAS SIDERURG/S from a buy rating to a neutral rating in a research report on Wednesday, June 19th. Finally, ValuEngine upgraded shares of USINAS SIDERURG/S from a sell rating to a hold rating in a report on Wednesday. Five equities research analysts have rated the stock with a hold rating, The company presently has an average rating of Hold and an average target price of $2.50.

USINAS SIDERURG/S stock traded up $0.02 during midday trading on Friday, hitting $1.81. The company’s stock had a trading volume of 7,000 shares, compared to its average volume of 51,946. USINAS SIDERURG/S has a 12 month low of $1.66 and a 12 month high of $2.92. The stock’s 50-day moving average price is $1.86 and its 200-day moving average price is $2.16.

USINAS SIDERURG/S (OTCMKTS:USNZY) last released its quarterly earnings results on Thursday, July 25th. The basic materials company reported $0.03 EPS for the quarter, missing the Zacks’ consensus estimate of $0.04 by ($0.01). The firm had revenue of $942.27 million during the quarter, compared to the consensus estimate of $972.12 million. On average, equities analysts predict that USINAS SIDERURG/S will post 0.14 EPS for the current fiscal year.

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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