OMV (OTCMKTS:OMVKY) Upgraded by Zacks Research to Strong-Buy Rating

Key Points

• OMV has been upgraded by Zacks Research from a "hold" rating to a "strong-buy" rating, indicating increased analyst confidence in the stock.
• The company reported earnings per share (EPS) of $1.34, significantly exceeding the consensus estimate of $0.34, although their revenue fell short at $6.64 billion.
• As of the latest data, OMV has a market capitalization of $17.67 billion and a current rating consensus of "Buy" among analysts.

OMV (OTCMKTS:OMVKY - Get Free Report) was upgraded by analysts at Zacks Research from a "hold" rating to a "strong-buy" rating in a report released on Thursday,Zacks.com reports.

Several other equities analysts have also issued reports on OMVKY. Erste Group Bank upgraded OMV to a "hold" rating in a research report on Monday, September 22nd. Royal Bank Of Canada began coverage on OMV in a research report on Wednesday. They set a "sector perform" rating for the company. Two analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, OMV presently has a consensus rating of "Buy".

OMV Price Performance

Shares of OMVKY stock opened at $13.50 on Thursday. The stock has a 50-day moving average price of $13.56 and a 200 day moving average price of $13.14. The company has a quick ratio of 1.35, a current ratio of 1.64 and a debt-to-equity ratio of 0.24. The firm has a market cap of $17.67 billion, a price-to-earnings ratio of 4.37, a PEG ratio of 1.59 and a beta of 0.32. OMV has a 12 month low of $9.42 and a 12 month high of $14.37.

OMV (OTCMKTS:OMVKY - Get Free Report) last posted its earnings results on Thursday, July 31st. The company reported $1.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $1.00. The company 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%. Research analysts expect that OMV will post 1.64 EPS for the current year.

About OMV

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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