ENGIE (OTCMKTS:ENGIY) Stock Rating Upgraded by Zacks Research

ENGIE (OTCMKTS:ENGIY) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Wednesday,Zacks.com reports.

A number of other brokerages also recently commented on ENGIY. Berenberg Bank raised shares of ENGIE to a “hold” rating in a report on Wednesday, January 21st. JPMorgan Chase & Co. downgraded ENGIE from an “overweight” rating to a “neutral” rating in a research report on Thursday. Royal Bank Of Canada started coverage on ENGIE in a research note on Tuesday, November 25th. They issued an “outperform” rating for the company. Barclays reiterated an “overweight” rating on shares of ENGIE in a report on Thursday, December 11th. Finally, Morgan Stanley restated an “overweight” rating on shares of ENGIE in a report on Friday, November 14th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, ENGIE has an average rating of “Moderate Buy”.

ENGIE Stock Performance

ENGIY stock opened at $30.02 on Wednesday. ENGIE has a 52 week low of $16.12 and a 52 week high of $30.89. The company has a fifty day simple moving average of $27.04 and a two-hundred day simple moving average of $24.11. The company has a current ratio of 1.06, a quick ratio of 1.00 and a debt-to-equity ratio of 1.09.

About ENGIE

ENGIE is a Paris-headquartered multinational energy company engaged across the value chain of electricity and natural gas, along with associated infrastructure and services. The company develops, builds and operates power generation assets (including gas-fired plants and an expanding portfolio of renewable generation such as wind, solar and hydro), trades and markets energy commodities, and supplies energy to industrial, commercial and residential customers. ENGIE also provides energy infrastructure and networks, liquefied natural gas (LNG) solutions, and a range of energy services including energy efficiency, facility management and distributed energy systems.

The group traces its modern corporate roots to the 2008 combination of Gaz de France and Suez, and subsequently adopted the ENGIE name in 2015 as part of a strategic repositioning.