ArcelorMittal (MT) Receiving Somewhat Positive Media Coverage, Analysis Finds

Headlines about ArcelorMittal (NYSE:MT) have been trending somewhat positive on Friday, InfoTrie reports. InfoTrie identifies positive and negative media coverage by analyzing more than 6,000 blog and news sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. ArcelorMittal earned a coverage optimism score of 0.82 on their scale. InfoTrie also assigned news articles about the basic materials company an news buzz score of 2 out of 10, meaning that recent media coverage is very unlikely to have an impact on the stock’s share price in the immediate future.

Here are some of the news headlines that may have effected ArcelorMittal’s analysis:

A number of research firms recently weighed in on MT. Jefferies Financial Group restated a “buy” rating on shares of ArcelorMittal in a report on Monday, September 17th. Zacks Investment Research cut ArcelorMittal from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 4th. ValuEngine upgraded ArcelorMittal from a “sell” rating to a “hold” rating in a report on Wednesday, September 26th. Deutsche Bank restated a “buy” rating on shares of ArcelorMittal in a report on Tuesday. Finally, Credit Suisse Group restated a “buy” rating on shares of ArcelorMittal in a report on Thursday, August 2nd. One analyst has rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the stock. ArcelorMittal has a consensus rating of “Buy” and a consensus price target of $37.00.

MT stock traded down $0.03 on Friday, reaching $25.36. The company had a trading volume of 3,072,991 shares, compared to its average volume of 3,006,209. ArcelorMittal has a 1 year low of $23.80 and a 1 year high of $37.50. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.60 and a current ratio of 1.38. The firm has a market cap of $26.32 billion, a P/E ratio of 4.75, a PEG ratio of 2.68 and a beta of 2.28.

ArcelorMittal (NYSE:MT) last posted its earnings results on Thursday, November 1st. The basic materials company reported $1.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.38 by ($0.11). ArcelorMittal had a net margin of 6.62% and a return on equity of 12.59%. The company had revenue of $18.52 billion during the quarter, compared to analysts’ expectations of $19.33 billion. During the same period in the previous year, the company posted $1.18 EPS. ArcelorMittal’s quarterly revenue was up 5.0% compared to the same quarter last year. On average, research analysts predict that ArcelorMittal will post 5.24 earnings per share for the current year.

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About ArcelorMittal

ArcelorMittal, together with its subsidiaries, owns and operates steel manufacturing and mining facilities in Europe, North and South America, Asia, and Africa. It operates through NAFTA, Brazil, Europe, ACIS, and Mining segments. The company produces finished and semi-finished steel products with various specifications.

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