Voestalpine (OTCMKTS:VLPNY) Downgraded to Sell at UBS Group

UBS Group lowered shares of Voestalpine (OTCMKTS:VLPNYGet Rating) from a neutral rating to a sell rating in a report released on Wednesday morning, The Fly reports.

A number of other research analysts have also recently issued reports on the company. Morgan Stanley decreased their target price on Voestalpine from €31.00 ($33.70) to €29.20 ($31.74) in a research note on Wednesday, October 5th. Deutsche Bank Aktiengesellschaft upgraded Voestalpine from a hold rating to a buy rating in a report on Wednesday, November 23rd. JPMorgan Chase & Co. upped their price objective on Voestalpine from €18.90 ($20.54) to €19.60 ($21.30) and gave the company an underweight rating in a research note on Thursday, November 10th. Barclays upgraded Voestalpine from an equal weight rating to an overweight rating in a research note on Thursday, January 12th. Finally, Oddo Bhf raised Voestalpine from an underperform rating to a neutral rating and set a €28.00 ($30.43) target price on the stock in a research report on Thursday, November 3rd. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of Hold and an average target price of $25.76.

Voestalpine Stock Up 4.5 %

OTCMKTS VLPNY opened at $6.37 on Wednesday. The stock has a fifty day moving average of $5.34 and a 200-day moving average of $4.52. Voestalpine has a 52 week low of $3.22 and a 52 week high of $7.70. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.52 and a quick ratio of 0.58.

Voestalpine Company Profile

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voestalpine AG engages in the production, processing, and distribution of steel products. It operates through the following divisions: Steel, High Performance Metals, Metal Engineering, Metal Forming and Other. The Steel division focuses on the production and processing of steel products for the segments automotive industry, white goods, electrical industry, processing industry, energy, and engineering industry.

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