Verbund (OTCMKTS:OEZVY) Lowered to “Strong Sell” Rating by Kepler Capital Markets

Verbund (OTCMKTS:OEZVY) was downgraded by analysts at Kepler Capital Markets from a “hold” rating to a “strong sell” rating in a report released on Monday,Zacks.com reports.

Separately, Royal Bank Of Canada assumed coverage on shares of Verbund in a report on Monday, December 8th. They issued a “strong sell” rating on the stock. Five investment analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Strong Sell”.

Verbund Stock Performance

Verbund stock opened at $13.61 on Monday. Verbund has a 52-week low of $13.12 and a 52-week high of $17.11. The firm has a 50 day moving average price of $14.73 and a two-hundred day moving average price 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.