ACERINOX SA/ADR (ANIOY) Downgraded by Zacks Investment Research
ACERINOX SA/ADR (OTCMKTS:ANIOY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Wednesday.
According to Zacks, “Acerinox, S.A. is engaged in production and selling stainless steel. The Company also offers slabs, billets, black coils, sheets, angles and bars. It operates primarily in Spain, USA, South Africa and Malaysia. Acerinox, S.A. is headquartered in Madrid, Spain. “
Separately, ValuEngine downgraded ACERINOX SA/ADR from a “buy” rating to a “hold” rating in a research note on Wednesday, March 28th.
ACERINOX SA/ADR (OTCMKTS:ANIOY) last posted its quarterly earnings results on Friday, April 27th. The company reported $0.13 earnings per share for the quarter. The firm had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.48 billion. research analysts anticipate that ACERINOX SA/ADR will post 0.49 EPS for the current year.
About ACERINOX SA/ADR
Acerinox, SA, through its subsidiaries, manufactures, transforms, and markets stainless steel products worldwide. The company operates through Flat Stainless Steel Products, Long Stainless Steel Products, and Other segments. Its flat stainless steel products include billets, black coils, circles, cold rolled coils and sheets, engraved coils/sheets, flat bars, hot rolled coils and sheets, plates, and slabs.
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