Verbund (OTCMKTS:OEZVY – Get Free Report) posted its quarterly earnings data on Thursday. The company reported $0.11 EPS for the quarter, meeting analysts’ consensus estimates of $0.11, Zacks reports. The company had revenue of $2.21 billion for the quarter, compared to analyst estimates of $1.99 billion.
Verbund Stock Performance
OTCMKTS:OEZVY remained flat at $15.38 on Friday. Verbund has a 1 year low of $11.88 and a 1 year high of $17.13. The firm has a fifty day moving average price of $14.66 and a two-hundred day moving average price of $14.38.
Wall Street Analyst Weigh In
Separately, Deutsche Bank Aktiengesellschaft raised Verbund from a “sell” rating to a “hold” rating in a report on Monday, September 28th. One analyst has rated the stock with a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Strong Sell”.
Check Out Our Latest Report on Verbund
About Verbund
VERBUND AG is an Austrian electricity company focused primarily on the generation, transmission, and sale of renewable energy. Hydropower forms the core of its business, supported by electricity generated from wind and solar facilities. The company also provides energy-related services and participates in electricity trading and wholesale markets.
Founded in 1947 as Österreichische Elektrizitätswirtschafts-AG, VERBUND developed into Austria’s leading electricity producer and a major participant in the European energy market.
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