Zacks Investment Research Downgrades VESTAS WIND SYS/ADR (VWDRY) to Sell

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Zacks Investment Research lowered shares of VESTAS WIND SYS/ADR (OTCMKTS:VWDRY) from a hold rating to a sell rating in a research report released on Thursday, Zacks.com reports.

According to Zacks, “Vestas Wind Systems A/S is engaged in development, manufacture, sale, and maintenance of wind technology that uses the energy of the wind to generate electricity. It provides wind turbines and wind power systems. The company engages in wind project planning, procurement, construction, operation, power plant optimization and maintenance services. Vestas Wind Systems A/S is headquartered in Randers, Denmark. “

Other equities research analysts also recently issued reports about the stock. ValuEngine upgraded shares of VESTAS WIND SYS/ADR from a hold rating to a buy rating in a research report on Thursday, May 9th. JPMorgan Chase & Co. downgraded shares of VESTAS WIND SYS/ADR from a neutral rating to an underweight rating in a research report on Thursday, March 21st.

VWDRY stock opened at $27.29 on Thursday. VESTAS WIND SYS/ADR has a 12-month low of $19.65 and a 12-month high of $30.59. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.16 and a quick ratio of 0.75. The company has a market cap of $16.84 billion, a PE ratio of 20.52 and a beta of 0.52.

About VESTAS WIND SYS/ADR

Vestas Wind Systems A/S designs, manufactures, installs, and services wind turbines worldwide. The company operates in two segments, Power Solutions and Service. The Power Solutions segment sells wind power plants, wind turbines, etc. The Service segment engages in the sale of service contracts, spare parts, and related activities.

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