Zacks Investment Research Upgrades Vestas Wind Systems A/S (OTCMKTS:VWDRY) to “Hold”

Vestas Wind Systems A/S (OTCMKTS:VWDRYGet Rating) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Saturday, Zacks.com reports.

According to Zacks, “Vestas Wind Systems A/S is engaged in development, manufacture, sale, and maintenance of wind technology that uses the energy of the wind to generate electricity. It provides wind turbines and wind power systems. The company engages in wind project planning, procurement, construction, operation, power plant optimization and maintenance services. Vestas Wind Systems A/S is headquartered in Randers, Denmark. “

A number of other analysts also recently issued reports on the stock. Berenberg Bank downgraded shares of Vestas Wind Systems A/S from a “buy” rating to a “hold” rating in a report on Monday, May 16th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Vestas Wind Systems A/S from 185.00 to 170.00 and set a “hold” rating for the company in a report on Friday, January 28th. Jefferies Financial Group raised shares of Vestas Wind Systems A/S from an “underperform” rating to a “hold” rating in a report on Tuesday, May 3rd. Credit Suisse Group raised shares of Vestas Wind Systems A/S from an “underperform” rating to an “outperform” rating in a report on Tuesday, April 5th. Finally, HSBC downgraded shares of Vestas Wind Systems A/S from a “hold” rating to a “reduce” rating in a report on Tuesday, March 1st. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company. According to MarketBeat, Vestas Wind Systems A/S presently has an average rating of “Hold” and a consensus target price of $177.67.

OTCMKTS VWDRY opened at $7.39 on Friday. The company has a quick ratio of 0.54, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $22.39 billion, a P/E ratio of -41.05 and a beta of 0.95. Vestas Wind Systems A/S has a 12-month low of $6.55 and a 12-month high of $14.71. The firm has a 50-day moving average price of $9.01 and a two-hundred day moving average price of $9.59.

About Vestas Wind Systems A/S (Get Rating)

Vestas Wind Systems A/S designs, manufactures, installs, and services wind turbines worldwide. The company operates in two segments, Power Solutions and Service. The Power Solutions segment sells wind power plants, wind turbines, development sites, etc. The Service segment engages in the sale of service contracts, spare parts, and related activities.

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Analyst Recommendations for Vestas Wind Systems A/S (OTCMKTS:VWDRY)

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