Citigroup Upgrades Vestas Wind Systems A/S (OTCMKTS:VWDRY) to “Strong-Buy”

Citigroup upgraded shares of Vestas Wind Systems A/S (OTCMKTS:VWDRY) to a strong-buy rating in a report issued on Wednesday morning, Zacks.com reports.

Vestas Wind Systems A/S Stock Performance

Vestas Wind Systems A/S stock opened at $6.86 on Wednesday. The company has a market cap of $20.78 billion, a PE ratio of -686.00 and a beta of 1.26. Vestas Wind Systems A/S has a 12 month low of $6.23 and a 12 month high of $10.62. The company has a fifty day moving average price of $7.66 and a two-hundred day moving average price of $8.31. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.02 and a quick ratio of 0.53.

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 (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.07). The business had revenue of $3.55 billion during the quarter. Vestas Wind Systems A/S had a negative return on equity of 1.60% and a negative net margin of 0.32%. Research analysts expect that Vestas Wind Systems A/S will post 0.17 earnings per share for the current year.

About Vestas Wind Systems A/S

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.