OMV Aktiengesellschaft (OTCMKTS:OMVKY) Raised to “Strong-Buy” at Berenberg Bank

OMV Aktiengesellschaft (OTCMKTS:OMVKY) was upgraded by Berenberg Bank from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

OMV Aktiengesellschaft Price Performance

Shares of OMVKY stock opened at $12.44 on Tuesday. The stock’s fifty day simple moving average is $10.69 and its 200 day simple moving average is $10.40. OMV Aktiengesellschaft has a one year low of $9.42 and a one year high of $13.17. The firm has a market cap of $16.29 billion, a price-to-earnings ratio of 5.00, a P/E/G ratio of 0.80 and a beta of 0.67. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.71 and a quick ratio of 1.26.

OMV Aktiengesellschaft (OTCMKTS:OMVKY) last announced its earnings results on Thursday, February 6th. The company reported $1.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $1.40. OMV Aktiengesellschaft had a net margin of 4.02% and a return on equity of 8.35%. On average, analysts expect that OMV Aktiengesellschaft will post 1.64 earnings per share for the current fiscal year.

About OMV Aktiengesellschaft

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.