Veolia Environnement (OTCMKTS:VEOEY) Hits New 1-Year High - What's Next?

Key Points

• 52-week high: Veolia's ADR reached a new 52-week high of $21.42 (last $21.3576) on Friday, trading above its 50-day ($19.80) and 200-day ($18.31) moving averages on volume of 27,083 shares.
• Analyst change: Zacks Research upgraded Veolia from a "strong sell" to a "hold" on Jan. 12, and the stock's consensus rating on MarketBeat is currently "Hold."
• Liquidity and leverage risks: The company shows constrained short-term liquidity (quick ratio 0.81, current ratio 0.86) and a relatively high debt-to-equity ratio of 1.54, indicating potential financial risk despite recent share-price strength.

Veolia Environnement SA (OTCMKTS:VEOEY - Get Free Report)'s share price reached a new 52-week high during trading on Friday . The company traded as high as $21.42 and last traded at $21.3576, with a volume of 27083 shares. The stock had previously closed at $21.15.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded Veolia Environnement from a "strong sell" rating to a "hold" rating in a research note on Monday, January 12th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Veolia Environnement presently has an average rating of "Hold".

Veolia Environnement Trading Up 0.1%

The company has a quick ratio of 0.81, a current ratio of 0.86 and a debt-to-equity ratio of 1.54. The stock has a 50 day moving average price of $19.80 and a 200-day moving average price of $18.31.

Veolia Environnement Company Profile

Veolia Environnement OTCMKTS: VEOEY is a multinational environmental services company headquartered in France that provides a broad range of water, waste and energy management solutions to municipal and industrial customers. Its core activities include water supply and wastewater treatment, collection and recovery of solid and hazardous waste, and energy services such as district heating and industrial energy optimization. The company also develops circular economy and recycling programs, environmental engineering, and operational maintenance services aimed at improving resource efficiency and reducing environmental impact.

Veolia serves public-sector clients and private businesses across many regions worldwide, with operations spanning Europe, the Americas, Asia, Africa and the Middle East.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.