Verbund Ag (OTCMKTS:OEZVY) Receives Consensus Recommendation of “Strong Sell” from Analysts

Shares of Verbund Ag (OTCMKTS:OEZVY) have earned a consensus rating of “Strong Sell” from the five analysts that are covering the company, MarketBeat reports. Four research analysts have rated the stock with a sell rating and one has assigned a hold rating to the company.

Separately, Royal Bank Of Canada assumed coverage on Verbund in a research note on Monday, December 8th. They issued a “strong sell” rating on the stock.

Verbund Price Performance

Shares of OTCMKTS OEZVY opened at $14.35 on Tuesday. Verbund has a one year low of $13.12 and a one year high of $17.11. The firm has a fifty day moving average of $14.90 and a 200 day moving average of $14.98.

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.