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Usinas Siderúrgicas de Minas Gerais (OTCMKTS:USNZY) Downgraded to Hold at HSBC

HSBC downgraded shares of Usinas Siderúrgicas de Minas Gerais (OTCMKTS:USNZY) from a buy rating to a hold rating in a research report sent to investors…

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This article was originally published by ETF Daily News

HSBC downgraded shares of Usinas Siderúrgicas de Minas Gerais (OTCMKTS:USNZY) from a buy rating to a hold rating in a research report sent to investors on Wednesday morning, The Fly reports.

Several other brokerages have also commented on USNZY. Grupo Santander upgraded Usinas Siderúrgicas de Minas Gerais from a hold rating to a buy rating and set a $22.50 price target on the stock in a research note on Tuesday, October 19th. Zacks Investment Research lowered Usinas Siderúrgicas de Minas Gerais from a hold rating to a sell rating in a research note on Tuesday, January 18th. Citigroup raised Usinas Siderúrgicas de Minas Gerais from a neutral rating to a buy rating in a research report on Friday, November 12th. Finally, The Goldman Sachs Group initiated coverage on Usinas Siderúrgicas de Minas Gerais in a research report on Friday, December 10th. They set a buy rating on the stock. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Usinas Siderúrgicas de Minas Gerais currently has an average rating of Hold and a consensus target price of $16.50.

Shares of Usinas Siderúrgicas de Minas Gerais stock opened at $2.94 on Wednesday. The firm has a market cap of $1.61 billion, a P/E ratio of 3.00, a P/E/G ratio of 0.30 and a beta of 1.44. The company has a current ratio of 3.39, a quick ratio of 2.27 and a debt-to-equity ratio of 0.32. Usinas Siderúrgicas de Minas Gerais has a 12 month low of $2.11 and a 12 month high of $4.60. The stock’s fifty day moving average price is $2.66 and its 200-day moving average price is $2.98.

The business also recently disclosed a dividend, which was paid on Monday, January 10th. Investors of record on Thursday, December 23rd were given a dividend of $0.0289 per share. The ex-dividend date was Wednesday, December 22nd. This represents a yield of 9.09%. This is an increase from Usinas Siderúrgicas de Minas Gerais’s previous dividend of $0.02. Usinas Siderúrgicas de Minas Gerais’s dividend payout ratio (DPR) is presently 18.37%.

Usinas Siderúrgicas de Minas Gerais Company Profile

Usinas Siderurgicas de Minas Gerais SA-Usiminas engages in the manufacture and sale of steel products. It offers steel solutions in the field of mining, and logistics, capital goods, service and distribution center and customized solutions for the industry. It operates through the following segments: Mining and Logistics; Steel Metallurgy; Steel Transformation; and Capital Assets.

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The post Usinas Siderúrgicas de Minas Gerais (OTCMKTS:USNZY) Downgraded to Hold at HSBC appeared first on ETF Daily News.

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