Zacks Investment Research Upgrades Veolia Environnement (OTCMKTS:VEOEY) to Hold

Zacks Investment Research upgraded shares of Veolia Environnement (OTCMKTS:VEOEY) from a sell rating to a hold rating in a report published on Saturday, 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 research firms have also issued reports on VEOEY. ValuEngine lowered Veolia Environnement from a buy rating to a hold rating in a report on Tuesday, August 6th. Barclays assumed coverage on Veolia Environnement in a report on Wednesday, April 17th. They set an overweight rating for the company. Finally, Macquarie assumed coverage on Veolia Environnement in a research note on Monday, June 17th. They issued a neutral rating for the company. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus price target of $27.00.

OTCMKTS:VEOEY opened at $24.69 on Friday. The firm’s 50-day moving average is $25.00. Veolia Environnement has a 52-week low of $18.90 and a 52-week high of $25.79.

Veolia Environnement Company Profile

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.

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