Ternium S.A (NYSE:TX) Stock Upgrade
Ternium S.A (NYSE:TX) was boosted by Morgan Stanley from a “Equal-Weight” rating to a solid “Overweight” rating in a recent research report issued to clients on Monday, 7 December.
Approximately 170,187 shares of stock traded hands. Ternium SA (ADR) (NYSE:TX) has declined 38.01% since May 4, 2015 and is downtrending. It has underperformed by 36.93% the S&P500.
Ternium S.A. is a steel producer in Latin America. The company has a market cap of $2.61 billion. The Firm makes and processes a range of steel products, including galvanized and electro-galvanized sheets, pre-painted sheets, tinplate, welded pipes, hot-rolled flat products, cold-rolled products, bars and wire rods, as well as slitted and cut-to-length offerings through its service centers. It currently has negative earnings. It operates through two divisions: Steel and Mining.
According to Zacks Investment Research, “Ternium is the leading producer of flat and long steel products of Latin America and consolidates the operations of the steel companies Hylsa in Mexico, Siderar in Argentina and Sidor in Venezuela. It create value with our customers, jointly improving competitiveness and productivity, through a highly efficient industrial and technological base and a global commercial network.” Get a free copy of the Zacks research report on Ternium SA (ADR) (TX).