Verbund (OEZVY) Set to Announce Earnings on Thursday

Verbund (OTCMKTS:OEZVY) is expected to issue its results before the market opens on Thursday, November 5th. Analysts expect the company to post earnings of $0.1120 per share and revenue of $1.99 billion for the quarter.

Verbund Price Performance

Shares of OEZVY opened at $15.38 on Tuesday. Verbund has a 12-month low of $11.88 and a 12-month high of $17.13. The firm has a fifty day moving average price of $14.59 and a 200-day moving average price of $14.37.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft upgraded shares of Verbund from a “sell” rating to a “hold” rating in a research note on Monday, September 28th. One investment analyst has rated the stock with a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, Verbund currently has a consensus rating of “Strong Sell”.

Verbund Company Profile

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.