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

Verbund Ag (OTCMKTS:OEZVY) has received an average rating of “Strong Sell” from the five analysts that are covering the company, MarketBeat.com reports. Five research analysts have rated the stock with a sell recommendation.

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

Verbund Stock Performance

Shares of OEZVY opened at $14.02 on Friday. Verbund has a fifty-two week low of $13.12 and a fifty-two week high of $17.11. The firm’s 50-day simple moving average is $14.63 and its two-hundred day simple moving average is $14.82.

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.