Eregli Demir ve Çelik Fabrikalari T.A.S. (OTC:ERELY) Downgraded to Equal Weight at Morgan Stanley

Morgan Stanley cut shares of Eregli Demir ve Çelik Fabrikalari T.A.S. (OTC:ERELYGet Rating) from an overweight rating to an equal weight rating in a report published on Wednesday morning, The Fly reports.

Shares of OTC:ERELY opened at $9.00 on Wednesday. The firm has a fifty day moving average price of $10.33. Eregli Demir ve Çelik Fabrikalari T.A.S. has a one year low of $9.00 and a one year high of $12.65.

About Eregli Demir ve Çelik Fabrikalari T.A.S. (Get Rating)

Eregli Demir ve Çelik Fabrikalari T.A.S., together with its subsidiaries, produces and sells iron and steel rolled products, alloyed and non-alloyed iron, steel and pig iron castings, cast and pressed products, coke, and by-products in Turkey and internationally. The company's flat products include hot rolled flat steel products, cold-rolled flat steel products, and galvanized/galvanealed flat steel products; and tin/chrome coated flat steel products used in metal packaging industry.

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