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

Key Points

• OMV was downgraded by Zacks Research from a "strong-buy" to a "hold" rating, reflecting changing sentiment among analysts.
• The company's stock has decreased by 1.7% recently, with a current trading price of $12.59 and a market cap of $16.48 billion.
• Despite reporting a better-than-expected EPS of $1.34 in its last earnings report, OMV's revenue fell short of analyst estimates at $6.64 billion.

OMV (OTCMKTS:OMVKY - Get Free Report) was downgraded by stock analysts at Zacks Research from a "strong-buy" rating to a "hold" rating in a research note issued to investors on Monday,Zacks.com reports.

A number of other research analysts have also commented on the company. Erste Group Bank upgraded OMV to a "hold" rating in a research note on Monday, September 22nd. Royal Bank Of Canada assumed coverage on shares of OMV in a report on Wednesday, September 24th. They set a "sector perform" rating on the stock. One research analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy".

OMV Stock Down 1.7%

Shares of OMVKY stock opened at $12.59 on Monday. OMV has a 12 month low of $9.42 and a 12 month high of $14.37. The firm has a market cap of $16.48 billion, a PE ratio of 4.07 and a beta of 0.24. The stock has a 50 day moving average of $13.52 and a 200-day moving average of $13.21. The company has a quick ratio of 1.35, a current ratio of 1.64 and a debt-to-equity ratio of 0.24.

OMV (OTCMKTS:OMVKY - Get Free Report) last issued its earnings results on Thursday, July 31st. The company reported $1.34 EPS for the quarter, beating analysts' consensus estimates of $0.34 by $1.00. The business had revenue of $6.64 billion during the quarter, compared to analyst estimates of $8.41 billion. OMV had a return on equity of 7.02% and a net margin of 3.12%. On average, equities analysts predict that OMV will post 1.64 EPS for the current year.

OMV Company Profile

OMV Aktiengesellschaft operates as an energy and chemicals company in Austria, Germany, Romania, Norway, Belgium, New Zealand, the United Arab Emirates, the rest of Central and Eastern Europe, the rest of Europe, and internationally. It operates through three segments: Chemicals & Materials, Fuels & Feedstock, and Energy.

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