OMV (OTCMKTS:OMVKY) Cut to “Hold” at Zacks Research

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

OMVKY has been the topic of a number of other research reports. Jefferies Financial Group lowered shares of OMV from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 20th. HSBC lowered shares of OMV from a “hold” rating to a “reduce” rating in a research report on Thursday, February 5th. Four investment analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce”.

OMV Trading Up 1.5%

Shares of OMVKY stock opened at $18.56 on Monday. OMV has a 1 year low of $12.23 and a 1 year high of $19.00. The firm’s fifty day simple moving average is $17.84 and its 200 day simple moving average is $15.96. The firm has a market capitalization of $24.30 billion, a P/E ratio of 2.21 and a beta of -0.08. The company has a current ratio of 1.50, a quick ratio of 1.24 and a debt-to-equity ratio of 0.25.

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.