Brokerage Firm Rating Update on United States Steel Corporation (X)

United States Steel Corporation (X) : Zacks Investment Research ranks United States Steel Corporation (X) as 3, which is a Hold recommendation. 1 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. Not everyone is convinced about the stocks future, hence, the stock receives 1 Sell recommendation. 5 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 5 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 12 research analysts is 3.75, which indicates as a Sell.

United States Steel Corporation (X) has been rated by 11 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $25 and the lowest price target forecast is $12. The average forecast of all the analysts is $18.68 and the expected standard deviation is $3.87.


Company shares have received an average consensus rating of Hold for the current week Also, KeyBanc downgrades their rating on the shares of United States Steel Corporation (NYSE:X). The current rating of the shares is Underweight. Earlier, the shares were rated a Sector Weight by the brokerage firm. The rating by the firm was issued on August 19, 2016.

United States Steel Corporation (NYSE:X): stock was range-bound between the intraday low of $19.09 and the intraday high of $19.57 after having opened at $19.29 on Wednesdays session. The stock finally closed in the red at $19.29, a loss of -1.64%. The stock remained in the red for the whole trading day. The total traded volume was 10,412,765 shares. The stock failed to cross $19.57 in Wednesdays trading. The stocks closing price on Thursday was $19.48.

United States Steel Corporation (U. S. Steel) is a steel producer. The Company is engaged in producing flat-rolled and tubular products with production operations in North America and Europe. The Company operates through three segments: Flat-rolled Products (Flat-rolled), U. S. Steel Europe (USSE) and Tubular Products (Tubular). The results of the Companys railroad and real estate businesses are combined under the Other Businesses category. The Flat-rolled Products segment includes the operating results of all facilities within U. S. Steels integrated steel plants in the United States, except the Fairfield pipe facility. The USSE segment includes the operating results of U. S. Steel Kosice (USSK), the Companys steel plant and coke production facilities in Slovakia. The Tubular segment includes the operating results of U. S. Steels tubular production facilities, primarily in the United States, and equity investees in the United States and Brazil.

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