Zacks Investment Research Lowers EVRAZ (OTCMKTS:EVRZF) to Hold
According to Zacks, “EVRAZ plc is involved in integrated steel, mining and vanadium business. The company’s principal activities consists of manufacturing steel and steel products, Iron ore mining and enrichment , Coal mining, Manufacturing vanadium products as well as trading operations and logistics. It operates primarily in the Russian Federation, Ukraine, USA, Canada, Czech Republic, Italy, Kazakhstan and South Africa. EVRAZ plc is based in London, the United Kingdom. “
Several other analysts also recently weighed in on the company. ValuEngine downgraded EVRAZ from a hold rating to a sell rating in a research note on Monday, August 3rd. JPMorgan Chase & Co. reiterated a neutral rating on shares of EVRAZ in a research note on Wednesday, July 22nd. Morgan Stanley reiterated an underweight rating on shares of EVRAZ in a research note on Tuesday, June 23rd. Finally, Goldman Sachs Group initiated coverage on EVRAZ in a research note on Wednesday, June 17th. They set a sell rating on the stock. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus target price of $4.75.
EVRAZ plc, together with its subsidiaries, produces and distributes steel and related products. The company operates through four segments: Steel; Steel, North America; Coal; and Other Operations. Its products include construction products, industrial products, railway products, vanadium products, and pipes, as well as raw materials, such as iron ore, coal, and limestone products.
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