Veolia Environnement (VEOEY) Upgraded to “Hold” by Zacks Investment Research

Veolia Environnement (OTCMKTS:VEOEY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Saturday.

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. “

Separately, Goldman Sachs Group raised shares of Veolia Environnement from a “neutral” rating to a “buy” rating in a research note on Thursday, November 1st. Three research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Veolia Environnement has a consensus rating of “Buy” and an average target price of $27.00.

Shares of OTCMKTS:VEOEY traded down $0.08 during trading on Friday, reaching $21.28. The company had a trading volume of 17,611 shares, compared to its average volume of 65,393. The firm has a market cap of $12.03 billion, a P/E ratio of 17.44, a P/E/G ratio of 1.44 and a beta of 0.45. Veolia Environnement has a twelve month low of $18.90 and a twelve month high of $26.40. The company has a current ratio of 0.90, a quick ratio of 0.86 and a debt-to-equity ratio of 1.34.

About Veolia Environnement

Veolia Environnement SA designs and provides water, waste, and energy management solutions worldwide. It offers environmental management services, including drinking water treatment and distribution, wastewater treatment, waste management, and energy services comprising heating and cooling, and electricity for local authorities and individuals, and industrial or commercial service companies.

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