Veolia Environnement (OTCMKTS:VEOEY) Sets New 12-Month High – Still a Buy?

Shares of Veolia Environnement SA (OTCMKTS:VEOEY) reached a new 52-week high during mid-day trading on Friday . The company traded as high as $21.42 and last traded at $21.3576, with a volume of 27083 shares. The stock had previously closed at $21.15.

Analysts Set New Price Targets

Separately, Zacks Research upgraded Veolia Environnement from a “strong sell” rating to a “hold” rating in a report on Monday, January 12th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Veolia Environnement Price Performance

The stock has a fifty day simple moving average of $19.80 and a 200-day simple moving average of $18.33. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.81 and a current ratio of 0.86.

Veolia Environnement Company Profile

Veolia Environnement (OTCMKTS: VEOEY) is a multinational environmental services company headquartered in France that provides a broad range of water, waste and energy management solutions to municipal and industrial customers. Its core activities include water supply and wastewater treatment, collection and recovery of solid and hazardous waste, and energy services such as district heating and industrial energy optimization. The company also develops circular economy and recycling programs, environmental engineering, and operational maintenance services aimed at improving resource efficiency and reducing environmental impact.

Veolia serves public-sector clients and private businesses across many regions worldwide, with operations spanning Europe, the Americas, Asia, Africa and the Middle East.