VOESTALPINE AG/ADR (OTCMKTS:VLPNY) Cut to Underperform at Bank of America

Bank of America downgraded shares of VOESTALPINE AG/ADR (OTCMKTS:VLPNY) from a buy rating to an underperform rating in a research report released on Friday morning, The Fly reports.

Separately, Zacks Investment Research upgraded VOESTALPINE AG/ADR from a sell rating to a hold rating in a research note on Thursday, August 15th.

OTCMKTS VLPNY opened at $4.35 on Friday. The company’s 50-day moving average is $5.23. The stock has a market cap of $3.92 billion, a price-to-earnings ratio of 6.35 and a beta of 2.01. VOESTALPINE AG/ADR has a fifty-two week low of $4.20 and a fifty-two week high of $9.29. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.51 and a quick ratio of 0.54.

The business also recently disclosed an annual dividend, which was paid on Tuesday, July 30th. Shareholders of record on Friday, July 12th were paid a dividend of $0.159 per share. The ex-dividend date of this dividend was Thursday, July 11th. This represents a dividend yield of 2.83%.

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.

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