Veolia Environnement (OTCMKTS:VEOEY) Sees Unusually-High Trading Volume - Still a Buy?

Key Points

• Veolia Environnement experienced a significant increase in trading volume, with approximately 340,669 shares traded, marking a 140% rise from the previous session.
• Analysts have lowered their rating for Veolia Environnement from a "strong-buy" to a "hold," with varying opinions from analysts leading to an average rating of "Hold."
• The stock is currently trading at $17.27, which is close to its 50-day moving average of $17.01, indicating stable performance in recent weeks.

Shares of Veolia Environnement SA (OTCMKTS:VEOEY - Get Free Report) saw unusually-high trading volume on Thursday . Approximately 340,669 shares changed hands during mid-day trading, an increase of 140% from the previous session's volume of 141,803 shares.The stock last traded at $17.27 and had previously closed at $17.18.

Analysts Set New Price Targets

Separately, Zacks Research cut shares of Veolia Environnement from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 19th. One analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of "Hold".

Veolia Environnement Price Performance

The stock has a 50-day simple moving average of $17.01 and a two-hundred day simple moving average of $17.31.

About Veolia Environnement

Veolia Environnement SA designs and provides water, waste, and energy management solutions worldwide. It operates through France and Special Waste Europe; Europe excluding France; Rest of the World; Water Technologies; and Other segments. The company is involved in resource management; customer relationship management; drinking water treatment and distribution; wastewater treatment; design and construction of treatment and network infrastructure; and sale of water treatment equipment, technologies, and facilities.

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