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UBS Keeps Their Hold Rating on ArcelorMittal (0RP9)

Tipranks - Tipranks - Sat Aug 1, 8:06AM CDT

UBS analyst Andrew Jones CFA maintained a Hold rating on ArcelorMittal today and set a price target of €59.00.

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According to TipRanks, Jones CFA is ranked #2572 out of 12359 analysts.

In addition to UBS, ArcelorMittal also received a Hold from J.P. Morgan’s Dominic OKane in a report issued yesterday. However, today, Deutsche Bank maintained a Buy rating on ArcelorMittal (LSE: 0RP9).

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Based on ArcelorMittal’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of €15.46 billion and a net profit of €575 million. In comparison, last year the company earned a revenue of €14.8 billion and had a net profit of €805 million

Based on the recent corporate insider activity of 18 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of 0RP9 in relation to earlier this year.

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