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

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

A number of other equities research analysts have also issued reports on EVRZF. Citigroup lowered EVRAZ from a neutral rating to a sell rating in a research note 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, Goldman Sachs Group lowered EVRAZ from a neutral rating to a sell rating in a research report on Wednesday, May 1st. Three research analysts have rated the stock with a sell rating and two have issued a hold rating to the company’s stock. The stock has an average rating of Sell.

Shares of EVRZF stock opened at $8.10 on Wednesday. EVRAZ has a 52-week low of $5.95 and a 52-week high of $8.95. The business’s 50 day simple moving average is $7.89.

About EVRAZ

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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