OMV (OTCMKTS:OMVKY) Downgraded to Hold Rating by Zacks Research

Zacks Research downgraded shares of OMV (OTCMKTS:OMVKY) from a strong-buy rating to a hold rating in a research report released on Monday morning,Zacks.com reports.

Other equities research analysts have also recently issued research reports about the stock. HSBC cut shares of OMV from a “hold” rating to a “reduce” rating in a report on Thursday, February 5th. Jefferies Financial Group cut shares of OMV from a “strong-buy” rating to a “hold” rating in a report on Friday, March 20th. Four investment analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce”.

OMV Price Performance

Shares of OMVKY opened at $18.56 on Monday. The stock has a market cap of $24.30 billion, a PE ratio of 2.21 and a beta of -0.08. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.24 and a current ratio of 1.50. OMV has a fifty-two week low of $12.23 and a fifty-two week high of $19.00. The firm’s 50-day simple moving average is $17.84 and its two-hundred day simple moving average is $15.96.

OMV Company Profile

OMV AG is an Austrian integrated energy company founded in 1956 and headquartered in Vienna. The firm operates across the oil and gas value chain, with core activities in exploration and production, refining and marketing, petrochemicals, gas trading and storage, and a large retail network of service stations and convenience offerings in Central and Eastern Europe. OMV’s business model combines upstream resource development with downstream processing and commercial distribution to supply fuels, lubricants and chemical feedstocks.

In upstream, OMV pursues oil and natural gas exploration and production projects and participates in both onshore and offshore developments.