Verbund Ag (OTCMKTS:OEZVY) Receives Average Rating of “Strong Sell” from Brokerages

Verbund Ag (OTCMKTS:OEZVY) has earned an average rating of “Strong Sell” from the five ratings firms that are presently covering the company, Marketbeat.com reports. Four analysts have rated the stock with a sell rating and one has issued a hold rating on the company.

Several equities research analysts recently weighed in on OEZVY shares. Royal Bank Of Canada started coverage on shares of Verbund in a research report on Monday, December 8th. They set a “strong sell” rating for the company. Kepler Capital Markets raised Verbund from a “strong sell” rating to a “hold” rating in a report on Monday, September 29th.

Verbund Stock Performance

OTCMKTS:OEZVY opened at $14.35 on Tuesday. Verbund has a fifty-two week low of $13.12 and a fifty-two week high of $17.11. The firm has a 50-day simple moving average of $14.97 and a two-hundred day simple moving average of $15.00.

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.