ArcelorMittal (MT) Earns Daily Media Sentiment Score of 0.17


News headlines about ArcelorMittal (NYSE:MT) have been trending somewhat positive on Saturday, according to Accern Sentiment. The research group rates the sentiment of media coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. ArcelorMittal earned a daily sentiment score of 0.17 on Accern’s scale. Accern also gave news headlines about the basic materials company an impact score of 46.6472448827797 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.


Here are some of the news headlines that may have effected Accern’s rankings:

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ArcelorMittal to unveil improved proposal for Ilva (seekingalpha.com) ArcelorMittal announces the publication of second quarter and first half 2018 Ebitda sell-side analysts’ consensus figures (finance.yahoo.com) Recipe for big leap in steel (telegraphindia.com) Two Steel Stocks That Could Heat Up Soon (schaeffersresearch.com) ArcelorMittal Temirtau to suspend hot-rolled steel coil exports to Iran – adviser (finance.yahoo.com)


MT has been the subject of a number of analyst reports. TheStreet raised shares of ArcelorMittal from a “c+” rating to a “b” rating in a research note on Wednesday, June 6th. Jefferies Financial Group reissued a “buy” rating on shares of ArcelorMittal in a research note on Wednesday, June 6th. Credit Suisse Group reissued a “buy” rating on shares of ArcelorMittal in a research note on Thursday, April 5th. Zacks Investment Research raised shares of ArcelorMittal from a “hold” rating to a “buy” rating and set a $35.00 target price for the company in a research note on Tuesday, April 3rd. Finally, ValuEngine lowered shares of ArcelorMittal from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, May 2nd. Two analysts have rated the stock with a sell rating, two have issued a hold rating and ten have issued a buy rating to the stock. ArcelorMittal has a consensus rating of “Buy” and a consensus price target of $38.33.


Shares of NYSE:MT opened at $29.22 on Friday. The company has a market capitalization of $31.59 billion, a PE ratio of 5.47 and a beta of 2.34. ArcelorMittal has a twelve month low of $24.74 and a twelve month high of $37.50. The company has a quick ratio of 0.44, a current ratio of 1.26 and a debt-to-equity ratio of 0.22.

ArcelorMittal (NYSE:MT) last issued its quarterly earnings results on Friday, May 11th. The basic materials company reported $1.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.99 by $0.18. The company had revenue of $19.19 billion during the quarter, compared to analyst estimates of $19.38 billion. ArcelorMittal had a net margin of 6.63% and a return on equity of 11.85%. equities analysts forecast that ArcelorMittal will post 5.02 earnings per share for the current year.

ArcelorMittal Company Profile

ArcelorMittal, together with its subsidiaries, owns and operates steel manufacturing and mining facilities in Europe, North and South America, Asia, and Africa. It operates through NAFTA, Brazil, Europe, ACIS, and Mining segments. The company produces finished and semi-finished steel products with various specifications.

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