Morgan Stanley Downgrades Veolia Environnement to Equal Weight (VE)
Veolia Environnement (NYSE:VE) was downgraded by research analysts at Morgan Stanley from an “overweight” rating to an “equal weight” rating in a report released on Wednesday, TheFlyOnTheWall.com reports. The analysts noted that the move was a valuation call.
Separately, analysts at BNP Paribas upgraded shares of Veolia Environnement from an “underperform” rating to a “neutral” rating in a research note on Wednesday, April 16th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $14.50.
Shares of Veolia Environnement (NYSE:VE) opened at 19.27 on Wednesday. Veolia Environnement has a one year low of $10.98 and a one year high of $20.31. The stock’s 50-day moving average is $19.20 and its 200-day moving average is $18.23. The company’s market cap is $10.302 billion.
Veolia Environnement is a provider of environmental management services, which include water and wastewater services, environmental services, energy services (NYSE:VE) and transportation services.
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