Verbund Ag (OTCMKTS:OEZVY) Receives Consensus Rating of “Strong Sell” from Analysts

Verbund Ag (OTCMKTS:OEZVY) has received an average rating of “Strong Sell” from the five analysts that are currently covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a sell recommendation and one has given a hold recommendation to the company.

OEZVY has been the topic of a number of research analyst reports. Kepler Capital Markets upgraded shares of Verbund from a “strong sell” rating to a “hold” rating in a research report on Monday, September 29th. Royal Bank Of Canada initiated coverage on Verbund in a report on Monday, December 8th. They set a “strong sell” rating on the stock.

Verbund Stock Performance

OEZVY opened at $15.18 on Friday. The company’s 50 day moving average is $15.24 and its 200-day moving average is $15.10. Verbund has a 1-year low of $13.12 and a 1-year high of $17.26.

Verbund Company Profile

Verbund AG is Austria’s leading electricity company and one of Europe’s largest producers of hydropower. The company’s core activities encompass the generation, transmission and distribution of electric power, with a focus on renewable energy sources. Verbund operates more than 130 hydropower plants along the Danube, Inn and Enns rivers, supplemented by pumped storage facilities and thermal generation assets. Through its integrated electricity grid, the company supplies power to domestic consumers and industrial clients while also participating in wholesale energy markets across Central Europe.

In addition to its extensive hydropower portfolio, Verbund has expanded into wind, solar and battery storage projects to support Europe’s transition to carbon-neutral energy.