OMV AG (OMVJF) Downgraded by Zacks Investment Research to Hold
OMV AG (OTCMKTS:OMVJF) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a report issued on Thursday.
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) traded down 0.24% during trading on Thursday, reaching $55.16. 490 shares of the company’s stock were exchanged. The firm has a market capitalization of $18.04 billion, a PE ratio of 73.16 and a beta of 0.36. The company’s 50-day moving average price is $53.84 and its 200 day moving average price is $41.69. OMV AG has a 52 week low of $27.31 and a 52 week high of $55.95.
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