Vonovia (VONOY) Upgraded to Buy at Zacks Investment Research

Vonovia (OTCMKTS:VONOY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Tuesday. The brokerage currently has a $26.00 price target on the stock. Zacks Investment Research‘s price target points to a potential upside of 11.83% from the stock’s previous close.

According to Zacks, “Vonovia SE provides real estate services. Its operating segment consists of Rental, Extension and Sales. The Company manages, leases and sells apartments. Vonovia SE is headquartered in Bochum, Germany. “

Separately, Deutsche Bank upgraded Vonovia from a “hold” rating to a “buy” rating in a research report on Wednesday, February 14th.

Vonovia (OTCMKTS:VONOY) traded down $1.75 during trading on Tuesday, reaching $23.25. The company had a trading volume of 100 shares, compared to its average volume of 933. Vonovia has a twelve month low of $19.35 and a twelve month high of $25.50.

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About Vonovia

Vonovia SE operates as an integrated real estate company in Germany. It operates through three segments: Rental, Extension, and Sales. The company offers apartments; and sells single units and buildings or plots of land, as well as provides property-related services. As of December 31, 2016, it managed 333,381 residential units, 85,421 garages and parking spaces, and 3,405 commercial units, as well as managed 58,969 units for other owners.

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