National Steel Company (SID) Stock Rating Upgraded by UBS AG

National Steel Company (NYSE:SID) was upgraded by research analysts at UBS AG from an “underperform” rating to a “market perform” rating in a research note issued on Wednesday.

Several other equities analysts also recently commented on SID. BidaskClub upgraded shares of National Steel from a “sell” rating to a “hold” rating in a report on Wednesday, August 9th. Credit Suisse Group upgraded shares of National Steel from an “underperform” rating to a “neutral” rating in a report on Thursday, September 7th.

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Large investors have recently modified their holdings of the stock. Karp Capital Management Corp bought a new position in National Steel during the 1st quarter valued at about $174,000. Comerica Bank grew its holdings in National Steel by 1.3% during the 1st quarter. Comerica Bank now owns 79,557 shares of the basic materials company’s stock valued at $190,000 after purchasing an additional 1,034 shares during the last quarter. KCG Holdings Inc. grew its holdings in National Steel by 58.7% during the 1st quarter. KCG Holdings Inc. now owns 79,803 shares of the basic materials company’s stock valued at $233,000 after purchasing an additional 29,502 shares during the last quarter. UBS Group AG grew its holdings in National Steel by 97.3% during the 1st quarter. UBS Group AG now owns 106,345 shares of the basic materials company’s stock valued at $310,000 after purchasing an additional 52,458 shares during the last quarter. Finally, Credit Suisse AG grew its holdings in National Steel by 11.2% during the 1st quarter. Credit Suisse AG now owns 735,909 shares of the basic materials company’s stock valued at $2,150,000 after purchasing an additional 74,312 shares during the last quarter. Institutional investors own 3.24% of the company’s stock.

About National Steel

Companhia Siderurgica Nacional is a Brazil-based company engaged in the steel industry. The Company operates throughout the entire steel production chain, from the mining of iron ore to the production and sale of a range of steel products, including coated galvanized flat steel and tinplate. The Company operates in five segments: Steel, Mining, Cement, Logistics and Energy.

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