Deutsche Bank Aktiengesellschaft Upgrades Verbund (OTCMKTS:OEZVY) to Buy

Verbund (OTCMKTS:OEZVYGet Rating) was upgraded by equities researchers at Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a research report issued on Thursday, The Fly reports.

Separately, Oddo Bhf raised shares of Verbund from an “underperform” rating to a “neutral” rating and set a €80.00 ($85.11) price target on the stock in a report on Friday, May 13th. Four research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, Verbund has an average rating of “Hold” and an average target price of $80.00.

Shares of OEZVY stock opened at $17.40 on Thursday. Verbund has a one year low of $16.79 and a one year high of $24.49. The company’s 50-day moving average is $20.40 and its 200 day moving average is $21.04.

Verbund (OTCMKTS:OEZVYGet Rating) last announced its quarterly earnings results on Thursday, March 17th. The company reported $0.19 earnings per share (EPS) for the quarter. The company had revenue of $3.42 billion for the quarter.

About Verbund (Get Rating)

VERBUND AG, together with its subsidiaries, generates, trades, and sells electricity to energy exchanges, traders, electric utilities and industrial companies, and households and commercial customers in Austria and internationally. It operates through Hydro, New Renewables, Sales, Grid, and All Other segments.

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