OMV AG (OTCMKTS:OMVKY) Stock Rated “Reduce” by Sell-Side Analysts

Shares of OMV AG (OTCMKTS:OMVKY) have received a consensus recommendation of “Reduce” from the seven ratings firms that are covering the firm, MarketBeat reports. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a strong buy rating to the company.

Several equities research analysts recently weighed in on the stock. Royal Bank Of Canada raised shares of OMV from an “underperform” rating to a “sector perform” rating in a research report on Tuesday, October 6th. Zacks Research raised OMV from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 16th. Barclays reiterated an “underweight” rating on shares of OMV in a research note on Monday, October 5th. Finally, HSBC reissued a “reduce” rating on shares of OMV in a report on Friday, September 25th.

OMV Price Performance

OMVKY opened at $20.81 on Thursday. The stock has a 50-day moving average price of $20.04 and a 200-day moving average price of $18.42. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.22 and a quick ratio of 0.92. The firm has a market cap of $27.24 billion, a PE ratio of 2.20 and a beta of -0.03. OMV has a 1 year low of $12.56 and a 1 year high of $21.05.

OMV Company Profile

OMV AG is an Austria-based, integrated energy, fuels and chemicals company headquartered in Vienna. Founded in 1956 as Österreichische Mineralölverwaltung, the company has developed from a national oil business into an international energy group serving customers across Europe and selected markets in the Middle East and North Africa.

OMV’s activities include the exploration and production of crude oil and natural gas, natural gas marketing and trading, refining, and the production and distribution of fuels and other energy products.