Anglo American (OTCMKTS:NGLOY) Cut to “Hold” at Sanford C. Bernstein

Anglo American (OTCMKTS:NGLOY) was downgraded by research analysts at Sanford C. Bernstein from a “strong-buy” rating to a “hold” rating in a report issued on Tuesday,Zacks.com reports.

A number of other research analysts also recently weighed in on NGLOY. Royal Bank of Canada downgraded Anglo American from a “hold” rating to a “strong sell” rating in a research note on Wednesday, January 15th. Jefferies Financial Group upgraded Anglo American from a “hold” rating to a “buy” rating in a research note on Friday, November 29th. Berenberg Bank downgraded Anglo American from a “hold” rating to a “strong sell” rating in a research note on Friday, October 25th. Finally, Citigroup downgraded Anglo American from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 24th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Anglo American Stock Down 0.8 %

NGLOY stock opened at $14.65 on Tuesday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.33 and a current ratio of 1.98. The business has a 50 day moving average price of $15.24 and a two-hundred day moving average price of $14.97. Anglo American has a twelve month low of $10.69 and a twelve month high of $17.60.

About Anglo American

Anglo American plc operates as a mining company in the United Kingdom and internationally. It explores for rough and polished diamonds, copper, platinum group metals and nickel, steelmaking coal, and iron ore; and nickel, polyhalite, and manganese ores. Anglo American plc was founded in 1917 and is headquartered in London, the United Kingdom.