Veolia Environnement (OTCMKTS:VEOEY) Downgraded by Zacks Investment Research to “Sell”

Veolia Environnement (OTCMKTS:VEOEY – Get Rating) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Tuesday, Zacks.com 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. “

VEOEY has been the subject of a number of other reports. Berenberg Bank lifted their target price on Veolia Environnement from €38.00 ($40.00) to €39.00 ($41.05) and gave the stock a “buy” rating in a report on Tuesday, April 19th. The Goldman Sachs Group started coverage on Veolia Environnement in a report on Sunday, April 10th. They set a “buy” rating for the company. Finally, Morgan Stanley started coverage on Veolia Environnement in a report on Wednesday, March 2nd. They set an “equal weight” rating for the company. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Veolia Environnement currently has an average rating of “Hold” and an average price target of $39.00.

VEOEY stock traded down $0.40 during mid-day trading on Tuesday, reaching $28.51. The company’s stock had a trading volume of 45,671 shares, compared to its average volume of 94,238. The business’s 50 day moving average price is $31.07 and its 200 day moving average price is $33.63. The company has a current ratio of 0.98, a quick ratio of 0.95 and a debt-to-equity ratio of 0.92. Veolia Environnement has a 12 month low of $26.43 and a 12 month high of $37.80.

Veolia Environnement Company Profile (Get Rating)

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; and design and construction of treatment and network infrastructure.

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