OMV AG (OTCMKTS:OMVKY) Stock Rated "Reduce" by Sell-Side Brokerages

Key Points

• OMV AG has an average “Reduce” rating from seven analysts: three recommend selling, three advise holding, and one gives a strong-buy rating.
• Recent analyst actions were mixed: RBC upgraded OMV to “sector perform” and Zacks Research raised it to “strong buy,” while HSBC maintained “reduce” and Barclays reiterated “underweight.”
• OMV opened at $21.23, near its 52-week high, with a $27.79 billion market capitalization and a notably low price-to-earnings ratio of 1.91.

OMV AG (OTCMKTS:OMVKY - Get Free Report) has been assigned an average recommendation of "Reduce" from the seven research firms that are currently covering the stock, Marketbeat reports. Three analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and one has issued a strong buy recommendation on the company.

Several research firms have recently commented on OMVKY. Royal Bank Of Canada raised shares of OMV from an "underperform" rating to a "sector perform" rating in a research report on Tuesday, October 6th. Zacks Research raised OMV from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, September 16th. HSBC reiterated a "reduce" rating on shares of OMV in a research note on Friday, September 25th. Finally, Barclays reissued an "underweight" rating on shares of OMV in a research report on Monday, October 5th.

OMV Price Performance

OTCMKTS:OMVKY opened at $21.23 on Monday. The company has a 50-day moving average of $20.42 and a 200-day moving average of $17.96. The company has a market capitalization of $27.79 billion, a price-to-earnings ratio of 1.91 and a beta of -0.03. OMV has a 52 week low of $13.37 and a 52 week high of $21.23. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.92 and a current ratio of 1.22.

About OMV

OMV AG OTCMKTS: OMVKY is an Austria-based, integrated energy, fuels and chemicals company. Its operations span the energy value chain, including exploration and production of crude oil and natural gas, natural gas marketing, fuel refining and distribution, and the development of lower-carbon energy solutions.

The company supplies fuels, feedstocks and other energy products to customers in Central and Southeastern Europe and selected international markets. OMV operates refining and retail businesses, including service stations, and has historically maintained upstream activities in countries such as Austria, Romania, Norway and the United Arab Emirates.

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