Zacks Investment Research cut shares of Veolia Environnement (OTCMKTS:VEOEY) from a hold rating to a sell rating in a research report released on Friday morning, reports.

According to Zacks, “Veolia Environnement is the only global company to offer the entire range of environmental services in the water, waste management, energy and transportation sectors. Veolia has been creating global and integrated solutions for public and private sector clients over the world. The quality of its research, the expertise and synergies developed between its teams, its mastery of the public-private partnership model and our commitment to sustainable development have made us a benchmark player in major environmental matters. “

Several other research analysts also recently commented on the company. JPMorgan Chase & Co. downgraded Veolia Environnement from an overweight rating to a neutral rating in a report on Wednesday, March 20th. Barclays started coverage on Veolia Environnement in a report on Wednesday, April 17th. They issued an overweight rating on the stock. Finally, Macquarie started coverage on Veolia Environnement in a report on Monday, June 17th. They issued a neutral rating on the stock. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. Veolia Environnement presently has a consensus rating of Hold and an average target price of $27.00.

VEOEY opened at $24.50 on Friday. Veolia Environnement has a 12 month low of $18.90 and a 12 month high of $24.61.

About Veolia Environnement

Veolia Environnement SA designs and provides water, waste, and energy management solutions worldwide. The company is involved in the resource management, production, and delivery of drinking water and industrial process water; collection, treatment, and recycling of wastewater, including the treatment and recovery of waste; and design and construction of treatment and network infrastructure.

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