Verbund Ag (OTCMKTS:OEZVY) Receives Consensus Rating of “Strong Sell” from Brokerages

Verbund Ag (OTCMKTS:OEZVY) has earned an average rating of “Strong Sell” from the five analysts that are covering the firm, MarketBeat reports. Five equities research analysts have rated the stock with a sell recommendation.

Separately, Kepler Capital Markets downgraded shares of Verbund from a “hold” rating to a “strong sell” rating in a report on Monday, February 16th.

Verbund Price Performance

Shares of OTCMKTS:OEZVY opened at $14.76 on Friday. Verbund has a 12 month low of $13.61 and a 12 month high of $17.13. The company has a 50-day moving average price of $15.13 and a 200 day moving average price of $15.03.

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.