Veolia Environnement (VEOEY) Upgraded by Zacks Investment Research to Buy

Veolia Environnement (OTCMKTS:VEOEY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Wednesday. The brokerage currently has a $27.00 price target on the utilities provider’s stock. Zacks Investment Research‘s price objective indicates a potential upside of 13.02% from the stock’s previous close.

According to Zacks, “Veolia Environnement is the only global company to offer the entire range of environmental services in the water, waste management, energy and transportation sectors. Veolia has been creating global and integrated solutions for public and private sector clients over the world. The quality of its research, the expertise and synergies developed between its teams, its mastery of the public-private partnership model and our commitment to sustainable development have made us a benchmark player in major environmental matters. “

VEOEY has been the subject of several other reports. Macquarie reiterated a “neutral” rating on shares of Veolia Environnement in a research note on Wednesday, January 24th. Societe Generale upgraded shares of Veolia Environnement from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th. ValuEngine upgraded shares of Veolia Environnement from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Citigroup upgraded shares of Veolia Environnement from a “neutral” rating to a “buy” rating in a research note on Tuesday, February 27th. Finally, UBS Group upgraded shares of Veolia Environnement from an “outperform” rating to a “strong-buy” rating in a research note on Friday, January 19th. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. Veolia Environnement currently has an average rating of “Buy” and a consensus price target of $27.00.

Veolia Environnement (OTCMKTS VEOEY) traded up $0.02 during trading hours on Wednesday, reaching $23.89. 9,651 shares of the company traded hands, compared to its average volume of 59,647. Veolia Environnement has a 1 year low of $16.98 and a 1 year high of $26.40. The company has a quick ratio of 0.97, a current ratio of 1.02 and a debt-to-equity ratio of 1.07.

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About Veolia Environnement

Veolia Environnement SA (Veolia) is engaged in providing environmental management services, which include drinking water treatment and distribution, wastewater and sanitation services, and waste management and energy services. The Company’s segments include France; Europe, excluding France; Rest of the world; Global Businesses, and Other.

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