Verbund (OTCMKTS:OEZVY) Announces Quarterly Earnings Results

Verbund (OTCMKTS:OEZVY) released its quarterly earnings results on Thursday. The company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.02), Zacks reports.

Verbund Stock Down 4.4%

Shares of Verbund stock traded down $0.64 on Thursday, reaching $14.03. 159 shares of the company were exchanged, compared to its average volume of 817. Verbund has a fifty-two week low of $11.88 and a fifty-two week high of $17.13. The stock has a fifty day moving average price of $13.49 and a 200-day moving average price of $14.36.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft reiterated a “sell” rating on shares of Verbund in a research note on Thursday, April 23rd. Morgan Stanley reiterated an “underweight” rating on shares of Verbund in a research report on Monday, May 18th. Four research analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, Verbund presently has a consensus rating of “Strong Sell”.

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.