OMV AG (OTCMKTS:OMVKY) Given Consensus Recommendation of "Reduce" by Brokerages

Key Points

• OMV AG has received an average analyst rating of "Reduce" from seven brokerages covering the stock. The breakdown includes three sell ratings, three hold ratings, and one strong buy.
• Several firms recently changed their views on OMV, including HSBC and Goldman Sachs, both of which cut their ratings, while Zacks Research upgraded the stock to strong-buy.
• OMV’s shares opened at $17.83, near the top of their 52-week range of $12.23 to $18.68. The company has a market cap of $23.33 billion and a low debt-to-equity ratio of 0.25.

Shares of OMV AG (OTCMKTS:OMVKY - Get Free Report) have been given an average recommendation of "Reduce" by the seven ratings firms that are presently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and one has assigned a strong buy recommendation to the company.

A number of research analysts have recently weighed in on the company. HSBC lowered OMV from a "hold" rating to a "reduce" rating in a report on Thursday, February 5th. Royal Bank Of Canada lowered OMV from a "sector perform" rating to an "underperform" rating in a report on Thursday, January 29th. The Goldman Sachs Group lowered OMV from a "hold" rating to a "sell" rating in a report on Monday, January 26th. Zacks Research raised OMV from a "hold" rating to a "strong-buy" rating in a report on Wednesday, February 4th. Finally, Jefferies Financial Group lowered OMV from a "strong-buy" rating to a "hold" rating in a report on Friday, March 20th.

OMV Stock Performance

OMV stock opened at $17.83 on Monday. The stock has a 50-day moving average of $17.34 and a two-hundred day moving average of $15.40. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.24 and a current ratio of 1.50. The stock has a market cap of $23.33 billion, a PE ratio of 2.12 and a beta of -0.09. OMV has a one year low of $12.23 and a one year high of $18.68.

OMV Company Profile

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.

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