Brazil's CSN posts loss, cuts guidance for 2019 [Reuters]
Companhia Siderurgica Nacional S.A. (SID)
US:NYSE Investor Relations:
ir.csn.com.br
Company Research
Source: Reuters
Brazil's CSN posts loss, cuts guidance for 2019 SAO PAULO, Oct 23 (Reuters) - Brazilian steelmaker Companhia Siderurgica Nacional posted a net loss of 871 million reais ($216 million) in the third quarter due to the depreciation of the local currency, as well as a drop in value of its stake in another mining company. The company cut its guidance for operating profit by about 12% to 7.5 billion reais, the company said in a separate filing. The company has a stake in Usiminas, another steelmaker, that CSN said lost more than 300 million reais in value during the quarter. (Reporting by Marcelo Rochabrun and Alberto Alerigi Jr; Editing by Himani Sarkar) Our Standards: The Thomson Reuters Trust Principles.
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SID
News
- Companhia Siderúrgica Nacional (NYSE: SID) was downgraded by analysts at Bank of America Co. from a "neutral" rating to an "underperform" rating.MarketBeat
- Companhia Siderúrgica Nacional (NYSE: SID) had its "underperform" rating re-affirmed by analysts at Itau BBA Securities. They now have a $3.00 price target on the stock.MarketBeat
- Companhia Siderúrgica Nacional (NYSE: SID) was downgraded by analysts at StockNews.com from a "strong-buy" rating to a "buy" rating.MarketBeat
- Companhia Siderúrgica Nacional (NYSE: SID) was upgraded by analysts at StockNews.com from a "buy" rating to a "strong-buy" rating.MarketBeat
- Companhia Siderúrgica Nacional (NYSE: SID) was upgraded by analysts at StockNews.com from a "buy" rating to a "strong-buy" rating.MarketBeat
SID
Analyst Actions
- 4/4/24 - Itau BBA
SID
Sec Filings
- 4/12/24 - Form 6-K
- 3/18/24 - Form 6-K
- 3/7/24 - Form 6-K
- SID's page on the SEC website