Zacks Investment Research Downgrades Veolia Environnement (OTCMKTS:VEOEY) to Sell

Veolia Environnement (OTCMKTS:VEOEY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Saturday, Zacks.com reports.

According to Zacks, “Veolia Environnement is the only global company to offer the entire range of environmental services in the water, waste management, energy and transportation sectors. Veolia has been creating global and integrated solutions for public and private sector clients over the world. The quality of its research, the expertise and synergies developed between its teams, its mastery of the public-private partnership model and our commitment to sustainable development have made us a benchmark player in major environmental matters. “

Several other equities research analysts have also issued reports on the company. ValuEngine lowered Veolia Environnement from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. Macquarie initiated coverage on Veolia Environnement in a report on Monday, June 17th. They set a “neutral” rating for the company. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. Veolia Environnement presently has an average rating of “Hold” and an average price target of $27.00.

OTCMKTS VEOEY traded up $0.11 during trading on Friday, reaching $24.33. 65,500 shares of the company’s stock were exchanged, compared to its average volume of 55,295. Veolia Environnement has a fifty-two week low of $18.90 and a fifty-two week high of $25.79. The company’s fifty day simple moving average is $24.99 and its 200-day simple moving average is $23.38.

About Veolia Environnement

Veolia Environnement SA designs and provides water, waste, and energy management solutions worldwide. The company is involved in the resource management, production, and delivery of drinking water and industrial process water; collection, treatment, and recycling of wastewater, including the treatment and recovery of waste; and design and construction of treatment and network infrastructure.

Further Reading: Municipal Bonds

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