Veolia Environnement (OTCMKTS:VEOEY) Shares Up 1.3% - Here's Why

Key Points

• Veolia Environnement's shares rose by 1.3% to $17.17 during mid-day trading, despite a decline in trading volume by 10% from the average.
• Citigroup downgraded Veolia Environnement from a "hold" rating to a "strong sell" rating in a recent research note.
• The company maintains a debt-to-equity ratio of 1.29 and operates globally in the water, waste, and energy management sectors.

Veolia Environnement SA (OTCMKTS:VEOEY - Get Free Report) shares rose 1.3% during mid-day trading on Monday . The stock traded as high as $17.17 and last traded at $17.17. Approximately 112,151 shares changed hands during mid-day trading, a decline of 10% from the average daily volume of 124,128 shares. The stock had previously closed at $16.94.

Wall Street Analyst Weigh In

Separately, Citigroup downgraded shares of Veolia Environnement from a "hold" rating to a "strong sell" rating in a research report on Tuesday, April 8th.

Veolia Environnement Trading Down 0.3%

The firm has a 50 day simple moving average of $17.54 and a 200 day simple moving average of $16.71. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.86 and a current ratio of 0.91.

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.