Ternium S.A. (TX) has been downgraded today by the research analysts at investment firm Deutsche Bank which lowered TX from a “buy” rating to “hold.” Deutsche Bank also lowered their price target for TX from $49 to $44 dollars. TX is down during intraday trading.
Ternium S.A. is slated to release their next earnings report on August 3rd, 2011 and is estimated to post EPS of 97 cents. Their last earnings report was released on May 4th, 2011 and announced EPS of 84 cents with revenue totaling 2.146 billion which was up 30.1 % year to year. TX is currently trading below its 50 & 200-day moving averages and 2011 is currently a down year for the company.
Ternium produces and distributes a broad range of finished and semi-finished steel products, including value-added steel products such as cold-rolled coils and sheets, galvanized and electrogalvanized sheets, pre-painted sheets, tin plate, welded pipes, hot-rolled pickled and annealed and tailor-made flat products. Ternium also produces long steel products such as bars and wire rod. The company has market capitalization of $1,520,000,000 and 48,993,000 shares outstanding. TX has a 52-week high of $43.85 with the low being $30.12 dollars.