VOESTALPINE AG/ADR (OTCMKTS:VLPNY) Upgraded to Hold by Zacks Investment Research

Share on StockTwits

Zacks Investment Research upgraded shares of VOESTALPINE AG/ADR (OTCMKTS:VLPNY) from a sell rating to a hold rating in a research note issued to investors on Saturday morning, Zacks.com reports.

According to Zacks, “voestalpine AG is engaged in the production, processing and distribution of steel products. Its operating division consists of Steel, Special Steel, Metal Engineering, Metal Forming and Other. Steel division focuses on the production and processing of flat steel products for the automotive, white goods and construction industries. Special Steel division segment manufactures tool steel and high-speed steel. Metal Engineering division produces rails and turnout products, rod wire, drawn wire, premium seamless tubes and welding filler materials. Metal Forming division offers special sections, tube products, and precision strip steel as well as pre-finished system components. Other segment provides coordination services and assistance to the subsidiaries. voestalpine AG is headquartered in Linz, Austria. “

Shares of OTCMKTS VLPNY opened at $5.44 on Friday. The firm has a market cap of $4.80 billion, a price-to-earnings ratio of 7.88 and a beta of 2.01. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.54 and a current ratio of 1.51. VOESTALPINE AG/ADR has a 1-year low of $5.12 and a 1-year high of $10.15. The business has a fifty day moving average of $5.63.

The business also recently announced an annual dividend, which will be paid on Tuesday, July 30th. Investors of record on Friday, July 12th will be paid a $0.159 dividend. This represents a yield of 2.83%. The ex-dividend date is Thursday, July 11th. VOESTALPINE AG/ADR’s payout ratio is presently 15.53%.

About VOESTALPINE AG/ADR

voestalpine AG processes, develops, and manufactures steel products worldwide. The company operates through five segments: Steel, High Performance Metals, Metal Engineering, Metal Forming, and Other. The Steel division produces hot and cold-rolled steel strips, as well as electrogalvanized, hot-dip galvanized, and organically coated steel strips; and heavy plates for the energy sector, as well as turbine casings.

Recommended Story: What are gap-down stocks?

Get a free copy of the Zacks research report on VOESTALPINE AG/ADR (VLPNY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for VOESTALPINE AG/ADR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for VOESTALPINE AG/ADR and related companies with MarketBeat.com's FREE daily email newsletter.