OMV (OTCMKTS:OMVKY) Coverage Initiated at JPMorgan Chase & Co.

JPMorgan Chase & Co. assumed coverage on shares of OMV (OTCMKTS:OMVKY) in a report published on Monday, The Fly reports. The brokerage issued an overweight rating on the stock.

Several other equities research analysts also recently issued reports on the company. Barclays downgraded OMV from an overweight rating to an equal weight rating in a research report on Wednesday, July 31st. Goldman Sachs Group downgraded OMV from a buy rating to a neutral rating in a research report on Wednesday, August 14th.

Shares of OTCMKTS:OMVKY opened at $53.88 on Monday. The stock’s 50-day moving average is $50.67 and its 200-day moving average is $50.85. OMV has a 52-week low of $42.39 and a 52-week high of $58.19.

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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