Citigroup Upgrades Sims Metal Management (OTCMKTS:SMSMY) to “Buy”

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Sims Metal Management (OTCMKTS:SMSMY) was upgraded by analysts at Citigroup from a “neutral” rating to a “buy” rating in a research report issued on Thursday, The Fly reports.

Shares of OTCMKTS SMSMY opened at $6.90 on Thursday. Sims Metal Management has a 1-year low of $6.33 and a 1-year high of $13.11.

About Sims Metal Management

Sims Metal Management Limited engages in buying, processing, and selling ferrous and non-ferrous recycled metals. The company operates through five segments: North America Metals, Investment in SA Recycling, Australia/New Zealand, Metals, Europe Metals, and Global E-Recycling. It is involved in the collection, processing, and trading of iron and steel secondary raw materials; and other metal alloys and residues, principally aluminum, lead, copper, zinc, and nickel bearing materials.

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