Vestas Wind Systems A/S (OTCMKTS:VWDRY) Downgraded to “Hold” Rating by Berenberg Bank

Vestas Wind Systems A/S (OTCMKTS:VWDRY) was downgraded by Berenberg Bank from a “strong-buy” rating to a “hold” rating in a report issued on Thursday,Zacks.com reports.

Other research analysts have also recently issued research reports about the company. Fearnley Fonds upgraded Vestas Wind Systems A/S from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 7th. Citigroup upgraded Vestas Wind Systems A/S to a “strong-buy” rating in a research note on Wednesday, October 2nd.

Vestas Wind Systems A/S Trading Up 3.6 %

Shares of OTCMKTS VWDRY opened at $4.86 on Thursday. Vestas Wind Systems A/S has a 1-year low of $4.61 and a 1-year high of $10.62. The business has a 50-day moving average of $6.63 and a 200-day moving average of $7.73. The company has a quick ratio of 0.53, a current ratio of 1.02 and a debt-to-equity ratio of 1.11.

Vestas Wind Systems A/S (OTCMKTS:VWDRY) last issued its earnings results on Wednesday, August 14th. The energy company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.07). Vestas Wind Systems A/S had a return on equity of 1.71% and a net margin of 0.32%. The company had revenue of $3.55 billion during the quarter. As a group, equities analysts anticipate that Vestas Wind Systems A/S will post 0.16 EPS for the current year.

Vestas Wind Systems A/S Company Profile

Vestas Wind Systems A/S engages in the design, manufacture, installation, and services of wind turbines the United States, Denmark, and internationally. It operates in two segments, Power Solutions and Service. The Power Solutions segment offers onshore and offshore wind power plants, wind turbines, development sites, etc.