EVRAZ (OTCMKTS:EVRZF) Downgraded by Zacks Investment Research to “Sell”

Zacks Investment Research cut shares of EVRAZ (OTCMKTS:EVRZF) from a hold rating to a sell rating in a report published on Wednesday, Zacks.com reports.

According to Zacks, “EVRAZ plc is involved in integrated steel, mining and vanadium business. The company’s principal activities consists of manufacturing steel and steel products, Iron ore mining and enrichment , Coal mining, Manufacturing vanadium products as well as trading operations and logistics. It operates primarily in the Russian Federation, Ukraine, USA, Canada, Czech Republic, Italy, Kazakhstan and South Africa. EVRAZ plc is based in London, the United Kingdom. “

Several other brokerages have also issued reports on EVRZF. Citigroup lowered shares of EVRAZ from a neutral rating to a sell rating in a research note on Tuesday, June 18th. Goldman Sachs Group lowered shares of EVRAZ from a neutral rating to a sell rating in a research note on Wednesday, May 1st. Finally, VTB Capital lowered shares of EVRAZ from a buy rating to a hold rating in a research note on Tuesday, June 18th. Three equities research analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. The company presently has a consensus rating of Sell and a consensus target price of $7.25.



Shares of EVRZF stock remained flat at $$8.10 during trading hours on Wednesday. 20 shares of the stock traded hands, compared to its average volume of 1,626. The firm’s 50-day moving average is $7.90. EVRAZ has a 12 month low of $5.95 and a 12 month high of $8.95.

About EVRAZ

EVRAZ plc, together with its subsidiaries, produces and distributes steel and related products. The company operates through four segments: Steel; Steel, North America; Coal; and Other Operations. Its products include construction products, industrial products, railway products, vanadium products, and pipes, as well as raw materials, such as iron ore, coal, and limestone products.

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