OMV Aktiengesellschaft (OTCMKTS:OMVJF) Downgraded by Zacks Investment Research to “Hold”

OMV Aktiengesellschaft (OTCMKTS:OMVJF) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research note issued on Wednesday, reports.

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 OMVJF opened at $57.01 on Wednesday. OMV Aktiengesellschaft has a 1 year low of $40.15 and a 1 year high of $63.57. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.17 and a quick ratio of 1.01. The company has a market capitalization of $18.64 billion, a price-to-earnings ratio of 4.54 and a beta of 0.96. The business has a 50-day moving average of $59.43 and a 200-day moving average of $57.39.

About OMV Aktiengesellschaft

OMV AG is engages in the production, processing, and supply of oil and gas, and provision of chemical solutions. It operates through the following segments: Exploration and Production, Refining and Marketing, and Chemicals and Materials. The Exploration and Production segment includes oil and gas processing and development which focuses on the regions of Central and Eastern Europe, North Sea, Russia, Middle East, and Africa and Asia-Pacific.

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