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

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Zacks Investment Research upgraded shares of ELECTRICITE DE/ADR (OTCMKTS:ECIFY) from a sell rating to a hold rating in a research report released on Tuesday, 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. “

Other analysts have also recently issued reports about the company. ValuEngine raised ELECTRICITE DE/ADR from a hold rating to a buy rating in a research report on Wednesday, September 4th. HSBC raised ELECTRICITE DE/ADR from a hold rating to a buy rating in a research report on Tuesday, July 2nd. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus price target of $4.00.

ELECTRICITE DE/ADR stock opened at $2.39 on Tuesday. ELECTRICITE DE/ADR has a twelve month low of $2.14 and a twelve month high of $3.64. The stock has a 50 day moving average of $2.32 and a two-hundred day moving average of $2.58. The stock has a market capitalization of $34.02 billion, a price-to-earnings ratio of 47.80 and a beta of 0.81.

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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