Verbund (OEZVY) Projected to Post Earnings on Wednesday

Verbund (OTCMKTS:OEZVY) is expected to post its resultson Wednesday, May 13th. Analysts expect Verbund to post earnings of $0.1442 per share and revenue of $2.5412 billion for the quarter.

Verbund Trading Up 2.0%

OTCMKTS:OEZVY opened at $15.00 on Wednesday. The stock has a fifty day moving average price of $15.21 and a 200-day moving average price of $15.02. Verbund has a fifty-two week low of $13.61 and a fifty-two week high of $17.13.

Analysts Set New Price Targets

A number of research firms have recently weighed in on OEZVY. Kepler Capital Markets downgraded Verbund from a “hold” rating to a “strong sell” rating in a research report on Monday, February 16th. Deutsche Bank Aktiengesellschaft reiterated a “sell” rating on shares of Verbund in a research report on Thursday, April 23rd. Five analysts have rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of “Strong Sell”.

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.