Companhia Siderúrgica Nacional (NYSE:SID) Upgraded to “Buy” at StockNews.com

StockNews.com upgraded shares of Companhia Siderúrgica Nacional ( NYSE:SID – Free Report ) from a hold rating to a buy rating in a research report released on Tuesday. Separately, UBS Group began coverage on Companhia Siderúrgica Nacional in a research note on Wednesday, March 12th.

They set a “sell” rating and a $1.30 price objective for the company. View Our Latest Research Report on Companhia Siderúrgica Nacional Companhia Siderúrgica Nacional Trading Up 0.

9 % Companhia Siderúrgica Nacional ( NYSE:SID – Get Free Report ) last issued its quarterly earnings data on Wednesday, March 12th. The basic materials company reported ($0.08) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.

09) by $0.01. The firm had revenue of $2.

06 billion during the quarter, compared to analysts’ expectations of $11.85 billion. Companhia Siderúrgica Nacional had a negative return on equity of 5.

79% and a negative net margin of 2.37%. Equities research analysts expect that Companhia Siderúrgica Nacional will post -0.

02 EPS for the current fiscal year. Institutional Investors Weigh In On Companhia Siderúrgica Nacional A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Pinnacle Wealth Planning Services Inc.

raised its stake in Companhia Siderúrgica Nacional by 41.3% in the fourth quarter. Pinnacle Wealth Planning Services Inc.

now owns 31,855 shares of the basic materials company’s stock valued at $46,000 after buying an additional 9,314 shares during the last quarter. First Affirmative Financial Network raised its stake in Companhia Siderúrgica Nacional by 56.7% in the first quarter.

First Affirmative Financial Network now owns 30,672 shares of the basic materials company’s stock valued at $51,000 after buying an additional 11,098 shares during the last quarter. Savvy Advisors Inc. raised its stake in Companhia Siderúrgica Nacional by 56.

1% in the fourth quarter. Savvy Advisors Inc. now owns 36,133 shares of the basic materials company’s stock valued at $52,000 after buying an additional 12,987 shares during the last quarter.

Virtus ETF Advisers LLC raised its stake in Companhia Siderúrgica Nacional by 23.9% in the fourth quarter. Virtus ETF Advisers LLC now owns 85,026 shares of the basic materials company’s stock valued at $122,000 after buying an additional 16,414 shares during the last quarter.

Finally, SBI Securities Co. Ltd. acquired a new position in shares of Companhia Siderúrgica Nacional in the fourth quarter valued at about $35,000.

Companhia Siderúrgica Nacional Company Profile ( Get Free Report ) Companhia Siderúrgica Nacional operates as an integrated steel producer in Brazil and Latin America. It operates through five segments: Steel Industry, Mining, Logistics, Energy, and Cement. The company offers flat steel products, such as hot and cold rolled, galvanized, galvalume, pre-painted, and metal sheets products; coil, sheets, and derivatives; tiles and derivatives, pipes, and profiles; long steel products; steel packaging solutions for the food industry; chemical packaging solution; and carbochemical products.

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