Zacks Research Downgrades OMV (OTCMKTS:OMVKY) to Hold

OMV (OTCMKTS:OMVKY) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report released on Monday,Zacks.com reports.

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

OMV Price Performance

OMV stock opened at $18.56 on Monday. OMV has a 52-week low of $12.23 and a 52-week high of $19.00. The company has a quick ratio of 1.24, a current ratio of 1.50 and a debt-to-equity ratio of 0.25. The firm’s fifty day moving average is $17.84 and its 200 day moving average is $15.96. The company has a market cap of $24.30 billion, a price-to-earnings ratio of 2.21 and a beta of -0.08.

About OMV

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.