Verbund (OTCMKTS:OEZVY) Cut to Strong Sell at Kepler Capital Markets

Kepler Capital Markets cut shares of Verbund (OTCMKTS:OEZVY) from a hold rating to a strong sell rating in a research note issued to investors on Monday morning,Zacks.com reports.

Separately, Royal Bank Of Canada initiated coverage on Verbund in a research note on Monday, December 8th. They issued a “strong sell” rating on the stock. Five analysts have rated the stock with a Sell rating, According to MarketBeat.com, Verbund presently has an average rating of “Strong Sell”.

Verbund Price Performance

Shares of OEZVY stock opened at $14.34 on Monday. The firm has a fifty day moving average price of $14.71 and a 200-day moving average price of $14.87. Verbund has a 1 year low of $13.12 and a 1 year high of $17.11.

About Verbund

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.