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

Verbund Ag (OTCMKTS:OEZVY) has been given an average recommendation of “Strong Sell” by the five analysts that are currently covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a sell rating and one has issued a hold rating on the company.

Several brokerages recently commented on OEZVY. Kepler Capital Markets upgraded Verbund from a “strong sell” rating to a “hold” rating in a research report on Monday, September 29th. Royal Bank Of Canada initiated coverage on Verbund in a research note on Monday, December 8th. They set a “strong sell” rating for the company.

Verbund Stock Performance

Shares of OEZVY opened at $14.35 on Tuesday. The firm has a fifty day simple moving average of $14.97 and a two-hundred day simple moving average of $15.00. Verbund has a 1-year low of $13.12 and a 1-year high of $17.11.

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.