OMV AG (OTCMKTS:OMVKY) Stock Now Rated “Reduce” by Sell-Side Analysts

Shares of OMV AG (OTCMKTS:OMVKY) have been given a consensus recommendation of “Reduce” by the seven brokerages that are currently covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a strong buy rating on the company.

Several equities research analysts have recently commented on the stock. Zacks Research upgraded shares of OMV from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 16th. HSBC restated a “reduce” rating on shares of OMV in a report on Friday, September 25th. Royal Bank Of Canada raised shares of OMV from an “underperform” rating to a “sector perform” rating in a research note on Tuesday. Finally, Barclays reaffirmed an “underweight” rating on shares of OMV in a report on Monday, October 5th.

OMV Stock Performance

Shares of OTCMKTS:OMVKY opened at $20.19 on Thursday. The stock has a market capitalization of $26.43 billion, a P/E ratio of 2.14 and a beta of -0.03. OMV has a 1-year low of $12.52 and a 1-year high of $21.05. The company has a current ratio of 1.22, a quick ratio of 0.92 and a debt-to-equity ratio of 0.27. The business has a 50-day moving average price of $19.92 and a two-hundred day moving average price of $18.35.

OMV Company Profile

OMV AG is an Austria-based, integrated energy, fuels and chemicals company headquartered in Vienna. Founded in 1956 as Österreichische Mineralölverwaltung, the company has developed from a national oil business into an international energy group serving customers across Europe and selected markets in the Middle East and North Africa.

OMV’s activities include the exploration and production of crude oil and natural gas, natural gas marketing and trading, refining, and the production and distribution of fuels and other energy products.