OMV Aktiengesellschaft (OTCMKTS:OMVKY) Raised to Strong-Buy at Berenberg Bank

OMV Aktiengesellschaft (OTCMKTS:OMVKY) was upgraded by Berenberg Bank from a “hold” rating to a “strong-buy” rating in a report released on Tuesday,Zacks.com reports.

OMV Aktiengesellschaft Price Performance

OTCMKTS:OMVKY opened at $12.44 on Tuesday. OMV Aktiengesellschaft has a one year low of $9.42 and a one year high of $13.17. The stock has a market cap of $16.29 billion, a PE ratio of 5.00, a P/E/G ratio of 0.80 and a beta of 0.67. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.26 and a current ratio of 1.71. The stock has a 50 day moving average price of $10.69 and a 200 day moving average price of $10.40.

OMV Aktiengesellschaft (OTCMKTS:OMVKY) last announced its quarterly earnings results on Thursday, February 6th. The company reported $1.81 earnings per share for the quarter, beating the consensus estimate of $0.41 by $1.40. OMV Aktiengesellschaft had a net margin of 4.02% and a return on equity of 8.35%. Equities research analysts expect that OMV Aktiengesellschaft will post 1.64 EPS for the current fiscal year.

About OMV Aktiengesellschaft

OMV Aktiengesellschaft operates as an energy and chemicals company in Austria, Germany, Romania, Norway, Belgium, New Zealand, the United Arab Emirates, the rest of Central and Eastern Europe, the rest of Europe, and internationally. It operates through three segments: Chemicals & Materials, Fuels & Feedstock, and Energy.