StockNews.com Upgrades Companhia Siderúrgica Nacional (NYSE:SID) to "Buy"

Companhia Siderúrgica Nacional (NYSE:SID - Get Free Report) was upgraded by equities research analysts at StockNews.com from a "hold" rating to a "buy" rating in a report released on Thursday.

Separately, UBS Group assumed coverage on shares of Companhia Siderúrgica Nacional in a research note on Wednesday, March 12th. They issued a "sell" rating and a $1.30 price objective for the company.

Companhia Siderúrgica Nacional Stock Down 0.3 %

Shares of NYSE:SID opened at $1.67 on Thursday. The firm has a market capitalization of $2.21 billion, a PE ratio of -11.10 and a beta of 1.83. The company has a debt-to-equity ratio of 2.77, a quick ratio of 0.93 and a current ratio of 1.34. Companhia Siderúrgica Nacional has a 52-week low of $1.27 and a 52-week high of $2.85. The firm has a fifty day moving average of $1.59 and a 200 day moving average of $1.66.

Companhia Siderúrgica Nacional (NYSE:SID - Get Free Report) last announced its quarterly earnings data on Wednesday, March 12th. The basic materials company reported ($0.08) EPS for the quarter, beating the consensus estimate of ($0.09) by $0.01. The firm had revenue of $2.06 billion for the quarter, compared to analyst estimates of $11.85 billion. Companhia Siderúrgica Nacional had a negative return on equity of 5.79% and a negative net margin of 2.37%. As a group, research analysts anticipate that Companhia Siderúrgica Nacional will post -0.02 EPS for the current fiscal year.

Institutional Investors Weigh In On Companhia Siderúrgica Nacional

Several institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. increased its stake in Companhia Siderúrgica Nacional by 48,194.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 441,898 shares of the basic materials company's stock worth $1,056,000 after purchasing an additional 440,983 shares during the period. SBI Securities Co. Ltd. purchased a new position in shares of Companhia Siderúrgica Nacional in the fourth quarter worth $35,000. Invesco Ltd. increased its stake in shares of Companhia Siderúrgica Nacional by 31.1% in the fourth quarter. Invesco Ltd. now owns 269,342 shares of the basic materials company's stock worth $388,000 after buying an additional 63,880 shares during the period. Pinnacle Wealth Planning Services Inc. raised its holdings in Companhia Siderúrgica Nacional by 41.3% during the 4th quarter. Pinnacle Wealth Planning Services Inc. now owns 31,855 shares of the basic materials company's stock valued at $46,000 after buying an additional 9,314 shares during the last quarter. Finally, EntryPoint Capital LLC purchased a new stake in Companhia Siderúrgica Nacional during the 4th quarter valued at $55,000.

About Companhia Siderúrgica Nacional

Companhia Siderúrgica Nacional operates as an integrated steel producer in Brazil and Latin America. It operates through five segments: Steel Industry, Mining, Logistics, Energy, and Cement. The company offers flat steel products, such as hot and cold rolled, galvanized, galvalume, pre-painted, and metal sheets products; coil, sheets, and derivatives; tiles and derivatives, pipes, and profiles; long steel products; steel packaging solutions for the food industry; chemical packaging solution; and carbochemical products.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.