EVRAZ (OTCMKTS:EVRZF) Downgraded by Zacks Investment Research to “Sell”

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Zacks Investment Research downgraded shares of EVRAZ (OTCMKTS:EVRZF) from a hold rating to a sell rating in a research note issued to investors on Wednesday, 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. “

Other analysts have also recently issued research reports about the company. Goldman Sachs Group cut EVRAZ from a neutral rating to a sell rating in a research report on Wednesday, May 1st. VTB Capital cut EVRAZ from a buy rating to a hold rating in a research report on Tuesday, June 18th. Finally, Citigroup cut EVRAZ from a neutral rating to a sell rating in a research report on Tuesday, June 18th. Three analysts have rated the stock with a sell rating and two have assigned a hold rating to the company’s stock. The company has an average rating of Sell.

OTCMKTS:EVRZF opened at $8.10 on Wednesday. EVRAZ has a 12-month low of $5.95 and a 12-month high of $8.95. The stock’s 50-day simple moving average is $7.89.

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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