OMV AG (OMVJF) Upgraded to Hold at Zacks Investment Research

OMV AG (OTCMKTS:OMVJF) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a report issued on Wednesday.

According to Zacks, “OMV Aktiengesellschaft (OMV AG) is an Austria-based integrated oil and gas company. It operates through two segments: Upstream and Downstream. The Upstream segment focuses on the exploration, development and production of oil and gas in three core regions: Central and Eastern Europe (CEE), the North Sea, as well as the Middle East and Africa. The Downstream segment comprises two business units: Downstream Oil, that operates around 3,800 filling stations in approximately 10 countries, refineries in Austria and Germany, both of which feature integrated petrochemical production, as well as the Petrobrazi refinery in Romania, which processes predominantly Romanian crude oil, and Downstream Gas, that focuses on gas trade and sales, as well as owns a pipeline network and gas storage facilities in Austria. “

Shares of OMV AG (OTCMKTS:OMVJF) opened at 59.85 on Wednesday. The stock’s 50 day moving average price is $58.16 and its 200-day moving average price is $53.26. The company’s market capitalization is $19.55 billion. OMV AG has a 52-week low of $33.25 and a 52-week high of $59.85.

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OMV AG Company Profile

OMV Aktiengesellschaft operates as an integrated oil and gas company. It operates in two segments, Upstream and Downstream. The Upstream segment explores for, develops, and produces oil and gas resources primarily in Romania and Black Sea, Austria, North Sea, Australasia, the Middle East, and Africa.

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