Verbund (OTCMKTS:OEZVY) Issues Quarterly Earnings Results, Hits Estimates

Verbund (OTCMKTS:OEZVY) announced its quarterly earnings data on Thursday. The company reported $0.11 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.11, Zacks reports.

Verbund Price Performance

OTCMKTS OEZVY remained flat at $15.38 on Thursday. The company has a fifty day moving average of $14.66 and a 200-day moving average of $14.38. Verbund has a 1-year low of $11.88 and a 1-year high of $17.13.

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 issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently 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.