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

Vestas Wind Systems A/S (OTCMKTS:VWDRY) was upgraded by investment analysts at Fearnley Fonds from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Thursday,Zacks.com reports.

Separately, Citigroup upgraded shares of Vestas Wind Systems A/S to a “strong-buy” rating in a research report on Wednesday, October 2nd.

Vestas Wind Systems A/S Stock Performance

OTCMKTS VWDRY traded down $0.17 during trading on Thursday, reaching $4.97. The company’s stock had a trading volume of 662,775 shares, compared to its average volume of 231,389. Vestas Wind Systems A/S has a twelve month low of $4.93 and a twelve month high of $10.62. The firm has a market cap of $15.06 billion, a price-to-earnings ratio of 497.00 and a beta of 1.28. The business’s fifty day moving average price is $6.85 and its 200-day moving average price is $7.84. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.53 and a current ratio of 1.02.

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