Verbund (OTCMKTS:OEZVY) Issues Earnings Results

Verbund (OTCMKTS:OEZVY) issued its quarterly earnings results on Wednesday. The company reported $0.18 EPS for the quarter, beating the consensus estimate of $0.14 by $0.04, Zacks reports.

Verbund Stock Performance

Shares of Verbund stock remained flat at $14.18 during trading hours on Wednesday. The stock had a trading volume of 126 shares, compared to its average volume of 846. The firm has a 50-day moving average of $15.24 and a two-hundred day moving average of $15.01. Verbund has a 1-year low of $13.61 and a 1-year high of $17.13.

Analysts Set New Price Targets

A number of analysts have recently weighed in on OEZVY shares. Kepler Capital Markets lowered Verbund from a “hold” rating to a “strong sell” rating in a research report on Monday, February 16th. Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating on shares of Verbund in a research report on Thursday, April 23rd. Five investment analysts have rated the stock with a Sell rating, According to data from MarketBeat.com, the company has an average 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.