Verbund (OEZVY) Expected to Announce Earnings on Wednesday

Verbund (OTCMKTS:OEZVY) is projected to issue its resultson Wednesday, March 18th. Analysts expect the company to announce earnings of $0.1917 per share for the quarter.

Verbund Stock Performance

Shares of OEZVY opened at $17.03 on Monday. The company’s 50-day moving average price is $14.72 and its 200 day moving average price is $14.83. Verbund has a 12-month low of $13.12 and a 12-month high of $17.13.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Royal Bank Of Canada started coverage on Verbund in a research report on Monday, December 8th. They issued a “strong sell” rating for the company. Kepler Capital Markets cut shares of Verbund from a “hold” rating to a “strong sell” rating in a report on Monday, February 16th. Five investment analysts have rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Strong Sell”.

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.