EVRAZ (OTCMKTS:EVRZF) Downgraded by Zacks Investment Research

EVRAZ (OTCMKTS:EVRZF) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Thursday, 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. “

Several other research analysts have also weighed in on the company. Goldman Sachs Group lowered EVRAZ from a “neutral” rating to a “sell” rating in a research report on Wednesday, May 1st. Citigroup lowered EVRAZ from a “neutral” rating to a “sell” rating in a research report on Tuesday, June 18th. VTB Capital lowered EVRAZ from a “buy” rating to a “hold” rating in a research report on Tuesday, June 18th. Finally, ValuEngine lowered EVRAZ from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 1st. Four investment analysts have rated the stock with a sell rating and one has issued a hold rating to the company. The stock presently has an average rating of “Sell” and an average target price of $9.00.

OTCMKTS EVRZF remained flat at $$8.10 during trading on Thursday. The business’s fifty day moving average is $8.07 and its 200-day moving average is $7.84. EVRAZ has a 12 month low of $5.95 and a 12 month high of $8.95.

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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