Favorable Press Coverage Somewhat Unlikely to Affect ArcelorMittal (MT) Stock Price

Headlines about ArcelorMittal (NYSE:MT) have been trending positive on Wednesday, Accern Sentiment Analysis reports. The research group ranks the sentiment of press coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. ArcelorMittal earned a daily sentiment score of 0.25 on Accern’s scale. Accern also gave media stories about the basic materials company an impact score of 45.3623466579041 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

Here are some of the media stories that may have impacted Accern’s analysis:

MT has been the subject of several research reports. TheStreet cut ArcelorMittal from a “b-” rating to a “c+” rating in a research report on Friday, November 10th. Zacks Investment Research raised ArcelorMittal from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 25th. Deutsche Bank reaffirmed a “buy” rating on shares of ArcelorMittal in a research report on Friday, November 17th. UBS Group raised ArcelorMittal from a “neutral” rating to a “buy” rating in a research report on Friday, October 20th. Finally, Goldman Sachs Group reaffirmed a “buy” rating on shares of ArcelorMittal in a research report on Friday, November 17th. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. ArcelorMittal has an average rating of “Buy” and an average target price of $35.39.

ArcelorMittal (NYSE MT) traded up $0.37 during trading on Wednesday, reaching $35.85. The company’s stock had a trading volume of 1,985,239 shares, compared to its average volume of 3,220,000. The company has a quick ratio of 0.44, a current ratio of 1.21 and a debt-to-equity ratio of 0.24. ArcelorMittal has a 1 year low of $19.59 and a 1 year high of $35.94. The firm has a market capitalization of $36,660.00, a price-to-earnings ratio of 9.34, a P/E/G ratio of 0.95 and a beta of 2.21.

ArcelorMittal (NYSE:MT) last released its quarterly earnings data on Friday, November 10th. The basic materials company reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.32. ArcelorMittal had a return on equity of 11.57% and a net margin of 6.04%. The firm had revenue of $17.64 billion during the quarter, compared to analyst estimates of $17.08 billion. During the same period in the prior year, the company posted $0.22 earnings per share. The business’s revenue for the quarter was up 21.5% compared to the same quarter last year. sell-side analysts forecast that ArcelorMittal will post 3.89 EPS for the current fiscal year.

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About ArcelorMittal

ArcelorMittal SA (ArcelorMittal) is a holding company. The Company, together with its subsidiaries, owns and operates steel manufacturing and mining facilities in Europe, North and South America, Asia and Africa. ArcelorMittal operates through five segments, which include NAFTA; Europe; Brazil; Africa and Commonwealth of Independent States (ACIS), and Mining.

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