Verbund Ag (OTCMKTS:OEZVY) Given Average Rating of “Strong Sell” by Brokerages

Shares of Verbund Ag (OTCMKTS:OEZVY) have received an average recommendation of “Strong Sell” from the five brokerages that are presently covering the stock, Marketbeat Ratings reports. Five investment analysts have rated the stock with a sell rating.

OEZVY has been the subject of several research analyst reports. Kepler Capital Markets lowered Verbund from a “hold” rating to a “strong sell” rating in a report on Monday, February 16th. Royal Bank Of Canada assumed coverage on Verbund in a research report on Monday, December 8th. They issued a “strong sell” rating on the stock.

Verbund Stock Performance

Shares of OEZVY stock opened at $13.84 on Friday. Verbund has a 12-month low of $13.12 and a 12-month high of $17.11. The firm’s 50 day moving average is $14.64 and its 200 day moving average is $14.85.

Verbund Company Profile

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.