South32 (OTCMKTS:SOUHY) Downgraded by Jefferies Financial Group to Hold

Key Points

• Jefferies Financial Group has downgraded South32 from a "strong-buy" rating to a "hold" rating.
• Other analysts have also issued downgrades, with six analysts now rating the stock as a "hold".
• South32's stock opened at $10.07, with a 52-week range between $7.52 and $13.04.

South32 (OTCMKTS:SOUHY - Get Free Report) was downgraded by equities research analysts at Jefferies Financial Group from a "strong-buy" rating to a "hold" rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Other analysts have also recently issued reports about the stock. Canaccord Genuity Group upgraded shares of South32 from a "strong sell" rating to a "hold" rating in a research report on Wednesday, April 23rd. Citigroup cut South32 from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 28th. The Goldman Sachs Group downgraded South32 from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 7th. Finally, BNP Paribas upgraded South32 to a "neutral" rating in a report on Wednesday, April 23rd. One investment analyst has rated the stock with a sell rating and six have assigned a hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold".

South32 Stock Performance

South32 stock opened at $10.07 on Monday. South32 has a 52-week low of $7.52 and a 52-week high of $13.04. The company has a quick ratio of 1.98, a current ratio of 2.83 and a debt-to-equity ratio of 0.15. The firm's fifty day moving average is $9.75 and its 200 day moving average is $9.95.

South32 Company Profile

South32 Limited operates as a diversified metals and mining company in Australia, India, China, Japan, the Middle East, Mozambique, the Netherlands, Brazil, Russia, South Africa, South Korea, the United States, and internationally. The company operates through Worsley Alumina, Brazil Alumina, Brazil Aluminium, Hillside Aluminium, Mozal Aluminium, Sierra Gorda, Cannington, Hermosa, Cerro Matoso, Illawarra Metallurgical Coal, Australia Manganese, and South Africa Manganese segments.

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