ACERINOX SA/ADR (OTCMKTS:ANIOY) Rating Increased to Neutral at Bank of America

Bank of America upgraded shares of ACERINOX SA/ADR (OTCMKTS:ANIOY) from an underperform rating to a neutral rating in a report published on Monday, The Fly reports.

A number of other equities research analysts also recently issued reports on ANIOY. Deutsche Bank raised shares of ACERINOX SA/ADR from a hold rating to a buy rating in a research note on Thursday, September 5th. Zacks Investment Research raised shares of ACERINOX SA/ADR from a sell rating to a hold rating in a research note on Monday, November 4th.

ACERINOX SA/ADR stock traded up $0.28 during mid-day trading on Monday, reaching $5.15. 100 shares of the company’s stock traded hands, compared to its average volume of 25. The company has a market cap of $2.64 billion, a price-to-earnings ratio of 10.10 and a beta of 1.31. The stock has a 50 day moving average of $4.41 and a two-hundred day moving average of $4.56. ACERINOX SA/ADR has a 12-month low of $4.00 and a 12-month high of $5.35.

ACERINOX SA/ADR Company Profile

Acerinox, SA, through its subsidiaries, manufactures, transforms, and markets stainless steel products in Spain, the Americas, Africa, Asia, and rest of Europe. The company's Flat Products segment offers slabs, flats, coils, plates, sheets, circles, and flat bars. Its Long Products segment provides bars, angles, wires, and wire rods.

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