Berenberg Bank Downgrades OMV (OTCMKTS:OMVKY) to Hold

OMV (OTCMKTS:OMVKY) was downgraded by Berenberg Bank from a “strong-buy” rating to a “hold” rating in a research note issued on Monday,Zacks.com reports.

Several other analysts also recently weighed in on OMVKY. Erste Group Bank upgraded OMV to a “hold” rating in a research note on Monday, September 22nd. Zacks Research raised OMV from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 11th. Finally, Royal Bank Of Canada assumed coverage on OMV in a research report on Wednesday, September 24th. They issued a “sector perform” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

OMV Trading Down 1.2%

Shares of OMV stock opened at $13.89 on Monday. The firm’s 50 day simple moving average is $13.47 and its two-hundred day simple moving average is $13.43. The firm has a market capitalization of $18.18 billion, a price-to-earnings ratio of 3.29 and a beta of 0.22. OMV has a 12-month low of $9.42 and a 12-month high of $14.46. The company has a current ratio of 1.64, a quick ratio of 1.35 and a debt-to-equity ratio of 0.24.

OMV (OTCMKTS:OMVKY) last posted its quarterly earnings data on Wednesday, October 29th. The company reported $2.18 EPS for the quarter, topping the consensus estimate of $0.43 by $1.75. The business had revenue of $7.30 billion during the quarter, compared to the consensus estimate of $8.06 billion. OMV had a net margin of 4.57% and a return on equity of 8.24%. Analysts predict 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.