Verbund (OTCMKTS:OEZVY) Cut to Strong Sell at Kepler Capital Markets

Verbund (OTCMKTS:OEZVY) was downgraded by investment analysts at Kepler Capital Markets from a “hold” rating to a “strong sell” rating in a report issued on Monday,Zacks.com reports.

Separately, Royal Bank Of Canada started coverage on shares of Verbund in a research report on Monday, December 8th. They set a “strong sell” rating for the company. Five research analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of “Strong Sell”.

Verbund Stock Down 2.8%

Shares of OTCMKTS:OEZVY opened at $13.61 on Monday. Verbund has a twelve month low of $13.12 and a twelve month high of $17.11. The stock’s 50 day moving average is $14.73 and its 200-day moving average is $14.87.

About Verbund

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.