Zacks Research upgraded shares of OMV (OTCMKTS:OMVKY – Free Report) from a strong sell rating to a hold rating in a research report sent to investors on Tuesday morning,Zacks.com reports.
OMV Price Performance
Shares of OMVKY stock opened at $19.97 on Tuesday. OMV has a 52-week low of $12.52 and a 52-week high of $20.04. 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 firm has a market capitalization of $26.14 billion, a P/E ratio of 2.11 and a beta of -0.08. The stock has a 50 day moving average price of $17.44 and a 200 day moving average price of $17.33.
About OMV
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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