Verbund Ag (OTCMKTS:OEZVY – Get Free Report)’s share price crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $15.12 and traded as high as $15.24. Verbund shares last traded at $14.0207, with a volume of 322 shares.
Analysts Set New Price Targets
Separately, Kepler Capital Markets upgraded Verbund from a “strong sell” rating to a “hold” rating in a research report on Monday, September 29th. One research analyst has rated the stock with a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Strong Sell”.
Read Our Latest Analysis on OEZVY
Verbund Trading Down 6.2%
About Verbund
VERBUND AG, together with its subsidiaries, generates, trades, and sells electricity to energy exchange markets, traders, electric utilities and industrial companies, and households and commercial customers. It operates through Hydro, New Renewables, Sales, Grid, and All Other segments. The company operates hydropower plants with a capacity of 8,417 megawatts (MW); wind farms with a capacity of 798 MW; solar power with a capacity of 253 MW; and two thermal power plants.
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