Verbund (OEZVY) Expected to Announce Earnings on Wednesday

Verbund (OTCMKTS:OEZVY) is expected to be releasing its resultson Wednesday, March 18th. Analysts expect Verbund to post earnings of $0.1917 per share for the quarter.

Verbund Price Performance

OEZVY stock opened at $14.86 on Wednesday. Verbund has a twelve month low of $13.12 and a twelve month high of $17.11. The business’s 50-day simple moving average is $14.62 and its 200 day simple moving average is $14.78.

Analysts Set New Price Targets

A number of analysts have recently issued reports on OEZVY shares. Royal Bank Of Canada started coverage on Verbund in a research report on Monday, December 8th. They set a “strong sell” rating on the stock. Kepler Capital Markets cut Verbund from a “hold” rating to a “strong sell” rating in a research report on Monday, February 16th. Five equities research analysts have rated the stock with a Sell rating, According to MarketBeat, the company currently has an average rating of “Strong Sell”.

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.