ELECTRICITE DE/ADR (OTCMKTS:ECIFY) Upgraded to Hold at Zacks Investment Research

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ELECTRICITE DE/ADR (OTCMKTS:ECIFY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Thursday, Zacks.com reports.

According to Zacks, “Electricite de France SA (EDF SA) is a France-based electricity producer, marketer and distributor. The company is largely owned by the French state and Nikhanj Electricite. They generate energy using nuclear technology, as well as thermal, hydroelectric and other renewable sources. It is involved in energy generation and energy sales to industries, local authorities and residential consumers. In addition, EDF SA manages low and medium-voltage public distribution network and involves in electricity transmission network. It also provides energy services, such as district heating and thermal energy services. The group is present in France, Belgium, the United States, Poland, Italy, China, Vietnam and other countries worldwide. The Company has such subsidiaries Dalkia (including Citelum), under Dalkia’s brand and SINOP Energy Company, among others. “

Separately, HSBC raised shares of ELECTRICITE DE/ADR from a “hold” rating to a “buy” rating in a report on Tuesday, July 2nd. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $4.00.

OTCMKTS:ECIFY remained flat at $$2.25 during trading hours on Thursday. 112,079 shares of the company’s stock traded hands, compared to its average volume of 151,182. The business’s 50 day moving average price is $2.41 and its 200 day moving average price is $2.71. ELECTRICITE DE/ADR has a 1 year low of $2.20 and a 1 year high of $3.64.

ELECTRICITE DE/ADR Company Profile

Electricité de France SA, an integrated energy company, engages in the generation, transmission, distribution, supply, and trading of power and energy services in France, the United Kingdom, Italy, and internationally. It generates electricity through nuclear, fossil fuel, hydro, solar, wind, biomass, biogas, tidal, geothermal, and cogeneration plants.

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