Verbund (OTCMKTS:OEZVY) Issues Earnings Results, Beats Estimates By $0.04 EPS

Verbund (OTCMKTS:OEZVY) announced its quarterly earnings data on Wednesday. The company reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.04, Zacks reports.

Verbund Stock Performance

Shares of OTCMKTS OEZVY remained flat at $14.18 during trading on Wednesday. The stock had a trading volume of 126 shares, compared to its average volume of 846. Verbund has a twelve month low of $13.61 and a twelve month high of $17.13. The stock has a fifty day moving average price of $15.24 and a 200-day moving average price of $15.01.

Analyst Upgrades and Downgrades

A number of brokerages recently commented 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 report on Thursday, April 23rd. Five analysts have rated the stock with a Sell rating, According to MarketBeat.com, Verbund currently has a consensus rating of “Strong Sell”.

About Verbund

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.