Verbund Ag (OTCMKTS:OEZVY) Receives Average Rating of “Strong Sell” from Brokerages

Shares of Verbund Ag (OTCMKTS:OEZVY) have earned an average recommendation of “Strong Sell” from the five analysts that are currently covering the firm, MarketBeat reports. Five investment analysts have rated the stock with a sell recommendation.

A number of equities analysts recently issued reports on OEZVY shares. Kepler Capital Markets lowered Verbund from a “hold” rating to a “strong sell” rating in a research note on Monday, February 16th. Royal Bank Of Canada initiated coverage on Verbund in a report on Monday, December 8th. They issued a “strong sell” rating on the stock.

Verbund Stock Performance

OTCMKTS:OEZVY opened at $17.03 on Wednesday. Verbund has a 12 month low of $13.12 and a 12 month high of $17.13. The firm has a fifty day simple moving average of $14.77 and a 200-day simple moving average of $14.87.

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.