Verbund (OTCMKTS:OEZVY) Stock Passes Above Fifty Day Moving Average of $15.74

Verbund Ag (OTCMKTS:OEZVY) crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $15.74 and traded as high as $16.66. Verbund shares last traded at $16.66, with a volume of 456 shares.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Morgan Stanley lowered shares of Verbund from an “equal weight” rating to an “underweight” rating in a report on Wednesday, August 9th. Societe Generale cut shares of Verbund from a “buy” rating to a “hold” rating in a research report on Friday, July 21st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $92.00.

Verbund Price Performance

The stock has a 50-day moving average price of $15.74 and a two-hundred day moving average price of $16.10.

About Verbund

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. It operates through Hydro, New Renewables, Sales, Grid, and All Other segments. The company operates hydropower plants with a capacity of 8,417 megawatts (MW); wind farms with a capacity of 468 MW; solar power with a capacity of 443 MW; and 1 thermal power plant.