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

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Zacks Investment Research upgraded shares of VOESTALPINE AG/ADR (OTCMKTS:VLPNY) from a sell rating to a hold rating in a research report sent to investors on Thursday, 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 $4.38 on Thursday. VOESTALPINE AG/ADR has a 52-week low of $4.20 and a 52-week high of $9.29. The firm has a market cap of $3.86 billion, a P/E ratio of 6.35 and a beta of 2.01. The firm has a 50-day moving average price of $5.34. 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 company also recently announced an annual dividend, which was paid on Tuesday, July 30th. Investors of record on Friday, July 12th were paid a $0.159 dividend. The ex-dividend date was Thursday, July 11th. This represents a 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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