Verbund (OEZVY) Set to Announce Quarterly Earnings on Thursday

Verbund (OTCMKTS:OEZVY) will likely be announcing its results before the market opens on Thursday, November 5th. Analysts expect the company to announce earnings of $0.1120 per share and revenue of $1.99 billion for the quarter.

Verbund Price Performance

OTCMKTS:OEZVY opened at $14.80 on Thursday. The company has a 50 day moving average price of $14.45 and a 200-day moving average price of $14.36. Verbund has a 1-year low of $11.88 and a 1-year high of $17.13.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft upgraded Verbund from a “sell” rating to a “hold” rating in a research report on Monday, September 28th. One investment analyst has rated the stock with a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Verbund has an average rating of “Strong Sell”.

About Verbund

VERBUND AG is an Austrian electricity company focused primarily on the generation, trading and supply of renewable energy. Hydroelectric power is the core of its business, supported by electricity generated from wind and solar projects. The company also provides energy-related products and services for business customers and develops solutions related to decarbonization, including green hydrogen and other renewable-energy applications.

Founded in 1947, VERBUND has played a central role in Austria’s electricity sector and remains one of the country’s leading power producers.