Zacks Investment Research lowered shares of EVRAZ (OTCMKTS:EVRZF) from a hold rating to a sell rating in a research note issued to investors on Thursday morning, Zacks.com reports.
According to Zacks, “EVRAZ plc is involved in integrated steel, mining and vanadium business. The company’s principal activities consists of manufacturing steel and steel products, Iron ore mining and enrichment , Coal mining, Manufacturing vanadium products as well as trading operations and logistics. It operates primarily in the Russian Federation, Ukraine, USA, Canada, Czech Republic, Italy, Kazakhstan and South Africa. EVRAZ plc is based in London, the United Kingdom. “
A number of other analysts also recently commented on EVRZF. Goldman Sachs Group downgraded EVRAZ from a neutral rating to a sell rating in a research report on Wednesday, May 1st. ValuEngine downgraded EVRAZ from a sell rating to a strong sell rating in a research report on Thursday, August 1st. Citigroup downgraded EVRAZ from a neutral rating to a sell rating in a research report on Tuesday, June 18th. Finally, VTB Capital downgraded EVRAZ from a buy rating to a hold rating in a research report on Tuesday, June 18th. Four research analysts have rated the stock with a sell rating and one has given a hold rating to the stock. EVRAZ presently has an average rating of Sell and an average price target of $9.00.
EVRZF stock opened at $8.10 on Thursday. EVRAZ has a twelve month low of $5.95 and a twelve month high of $8.95. The stock’s 50 day moving average is $8.07 and its 200-day moving average is $7.84.
EVRAZ Company Profile
EVRAZ plc, together with its subsidiaries, produces and distributes steel and related products. The company operates through four segments: Steel; Steel, North America; Coal; and Other Operations. Its products include construction products, industrial products, railway products, vanadium products, and pipes, as well as raw materials, such as iron ore, coal, and limestone products.
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