Verbund Ag (OTCMKTS:OEZVY) Given Consensus Recommendation of “Strong Sell” by Brokerages

Verbund Ag (OTCMKTS:OEZVY) has been given an average rating of “Strong Sell” by the five research firms that are presently covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a sell rating and one has given a hold rating to the company.

Separately, Royal Bank Of Canada assumed coverage on shares of Verbund in a report on Monday, December 8th. They issued a “strong sell” rating on the stock.

Verbund Stock Performance

OTCMKTS:OEZVY opened at $14.35 on Tuesday. Verbund has a 52 week low of $13.12 and a 52 week high of $17.11. The company has a fifty day simple moving average of $14.85 and a two-hundred day simple moving average of $14.97.

Verbund Company Profile

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.