Verbund (OTCMKTS:OEZVY) Releases Quarterly Earnings Results

Verbund (OTCMKTS:OEZVY) released its quarterly earnings results on Thursday. The company reported $0.11 EPS for the quarter, hitting analysts’ consensus estimates of $0.11, Zacks reports.

Verbund Stock Performance

Shares of OEZVY stock remained flat at $15.38 during trading on Thursday. The stock has a 50-day moving average of $14.66 and a two-hundred day moving average of $14.38. Verbund has a 1-year low of $11.88 and a 1-year high of $17.13.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft raised Verbund from a “sell” rating to a “hold” rating in a research note on Monday, September 28th. One research analyst has rated the stock with a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average 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.