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

Zacks Investment Research lowered shares of Veolia Environnement (OTCMKTS:VEOEY) from a hold rating to a sell rating in a research note published on Saturday morning, 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 analysts have also weighed in on VEOEY. Macquarie initiated coverage on shares of Veolia Environnement in a research report on Monday, June 17th. They set a neutral rating on the stock. ValuEngine lowered shares of Veolia Environnement from a buy rating to a hold rating in a research report on Tuesday, August 6th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of $27.00.

Shares of VEOEY opened at $24.04 on Friday. The firm’s 50 day moving average price is $24.99 and its 200 day moving average price is $23.41. Veolia Environnement has a twelve month low of $18.90 and a twelve month high of $25.79.

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.

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