VOESTALPINE AG/ADR (OTCMKTS:VLPNY) Upgraded to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of VOESTALPINE AG/ADR (OTCMKTS:VLPNY) from a hold rating to a buy rating in a report released on Saturday, Zacks.com reports. Zacks Investment Research currently has $5.00 price target on the stock.

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. “

Other equities research analysts also recently issued research reports about the company. Jefferies Financial Group downgraded VOESTALPINE AG/ADR from a buy rating to a hold rating in a research report on Tuesday, September 24th. Credit Suisse Group assumed coverage on VOESTALPINE AG/ADR in a research report on Tuesday, September 3rd. They set a neutral rating on the stock. Finally, Bank of America downgraded VOESTALPINE AG/ADR from a buy rating to an underperform rating in a research report on Friday, August 16th.

VLPNY stock traded down $0.07 during trading on Friday, reaching $4.69. 775 shares of the company traded hands, compared to its average volume of 2,839. VOESTALPINE AG/ADR has a 12 month low of $4.20 and a 12 month high of $8.73. The business has a 50 day simple moving average of $4.67 and a 200 day simple moving average of $5.43. The company has a market capitalization of $3.84 billion, a price-to-earnings ratio of 8.69 and a beta of 2.05. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.63 and a current ratio of 1.57.

VOESTALPINE AG/ADR Company Profile

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.

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