EVRAZ (OTCMKTS:EVRZF) Cut to Sell at Zacks Investment Research

Zacks Investment Research cut shares of EVRAZ (OTCMKTS:EVRZF) from a hold rating to a sell rating in a research report report published 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. “

Separately, ValuEngine lowered shares of EVRAZ from a sell rating to a strong sell rating in a research note on Thursday, August 1st. Four analysts have rated the stock with a sell rating and one has assigned a hold rating to the company. EVRAZ currently has a consensus rating of Sell and an average target price of $9.00.

EVRZF traded down $0.37 on Thursday, hitting $4.60. The company had a trading volume of 3,200 shares, compared to its average volume of 430. The stock has a fifty day moving average price of $5.20 and a 200-day moving average price of $6.98. EVRAZ has a 12-month low of $4.53 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.