JPMorgan Chase & Co. Downgrades OMV (OTCMKTS:OMVKY) to Neutral

OMV (OTCMKTS:OMVKY) was downgraded by stock analysts at JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating in a research note issued to investors on Friday, The Fly reports.

Separately, Goldman Sachs Group cut OMV from a “buy” rating to a “neutral” rating in a research note on Wednesday, August 14th.

Shares of OMV stock opened at $56.70 on Friday. The stock’s fifty day simple moving average is $58.18 and its 200 day simple moving average is $52.17. OMV has a 12 month low of $42.39 and a 12 month high of $60.60.

OMV Company Profile

OMV Aktiengesellschaft operates as an integrated oil and gas company. It operates in two segments, Upstream and Downstream. The Upstream segment explores for, develops, and produces oil and gas resources primarily in Romania and Black Sea, Austria, North Sea, Australasia, Russia, the Middle East, and Africa.

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The Fly

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