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

Zacks Investment Research downgraded shares of EVRAZ (OTCMKTS:EVRZF) from a hold rating to a sell rating in a research note released on Thursday morning, 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. “

EVRZF has been the topic of a number of other research reports. Citigroup downgraded EVRAZ from a neutral rating to a sell rating in a research report on Tuesday, June 18th. VTB Capital downgraded EVRAZ from a buy rating to a hold rating in a research report on Tuesday, June 18th. ValuEngine downgraded EVRAZ from a sell rating to a strong sell rating in a research report on Thursday, August 1st. Finally, Goldman Sachs Group downgraded EVRAZ from a neutral rating to a sell rating in a research report on Wednesday, May 1st. Four analysts have rated the stock with a sell rating and one has assigned a hold rating to the company. The company currently has a consensus rating of Sell and a consensus price target of $9.00.

EVRZF opened at $8.10 on Thursday. EVRAZ has a 12-month low of $5.95 and a 12-month high of $8.95. The business’s fifty day simple moving average is $8.07 and its 200-day simple moving average is $7.84.

EVRAZ Company Profile

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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