Engie (OTCMKTS:ENGIY) Cut to Equal Weight at Morgan Stanley

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Engie (OTCMKTS:ENGIY) was downgraded by equities researchers at Morgan Stanley from an “overweight” rating to an “equal weight” rating in a research note issued to investors on Thursday, The Fly reports.

A number of other research analysts have also commented on ENGIY. Deutsche Bank lowered shares of Engie from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Goldman Sachs Group reaffirmed a “buy” rating on shares of Engie in a research report on Monday. Barclays lowered shares of Engie from an “overweight” rating to an “equal weight” rating in a research report on Monday, February 3rd. Finally, Kepler Capital Markets reaffirmed a “buy” rating on shares of Engie in a research report on Wednesday, March 11th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold”.

Shares of ENGIY traded up $0.50 during trading hours on Thursday, reaching $11.63. 1,218,987 shares of the company traded hands, compared to its average volume of 513,879. The stock’s fifty day moving average is $15.63 and its 200 day moving average is $16.06. Engie has a 1-year low of $10.24 and a 1-year high of $18.09.

About Engie

ENGIE SA engages in power, natural gas, and energy services businesses. The company operates through North America, Latin America, Africa/Asia, Benelux, France, Europe excluding France & Benelux, Infrastructures Europe, GEM & LNG, and Other segments. It engages in the generation and sale of power through nuclear, thermal, solar, wind, biogas, and biomass resources; and seawater desalination activities, as well as offers engineering services in the areas of energy, hydraulics, and infrastructure.

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The Fly

Analyst Recommendations for Engie (OTCMKTS:ENGIY)

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