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Veolia Environnement (OTCMKTS:VEOEY) Shares Gap Down - Time to Sell?

Veolia Environnement logo with Utilities background

Key Points

  • Veolia Environnement shares gapped down from $17.12 to open at $16.49, reflecting a recent decline in stock value.
  • Analysts have adjusted their ratings, with Zacks Research downgrading the stock from a "strong-buy" to a "hold", resulting in a current consensus rating of "Hold".
  • The company, which specializes in water, waste, and energy management solutions, has a fifty-day moving average of $17.11 and a two-hundred day moving average of $17.34.
  • MarketBeat previews the top five stocks to own by November 1st.

Veolia Environnement SA (OTCMKTS:VEOEY - Get Free Report) gapped down before the market opened on Monday . The stock had previously closed at $17.12, but opened at $16.49. Veolia Environnement shares last traded at $16.55, with a volume of 20,407 shares trading hands.

Analysts Set New Price Targets

Separately, Zacks Research cut Veolia Environnement from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 19th. One equities research 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 stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold".

Read Our Latest Analysis on VEOEY

Veolia Environnement Price Performance

The stock's fifty day moving average is $17.11 and its two-hundred day moving average is $17.34.

About Veolia Environnement

(Get Free Report)

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.

See Also

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