Ørsted A/S (OTCMKTS:DNNGY) Upgraded to “Hold” at Zacks Research

Ørsted A/S (OTCMKTS:DNNGY) was upgraded by equities research analysts at Zacks Research to a “hold” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

Several other analysts have also recently issued reports on the stock. Morgan Stanley raised shares of Ørsted A/S from an “equal weight” rating to an “overweight” rating in a research report on Thursday, May 14th. The Goldman Sachs Group upgraded shares of Ørsted A/S from a “neutral” rating to a “buy” rating in a research note on Monday, April 27th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Ørsted A/S Price Performance

Shares of DNNGY opened at $8.95 on Thursday. Ørsted A/S has a 1 year low of $5.75 and a 1 year high of $33.02. The company’s 50-day simple moving average is $8.19 and its 200-day simple moving average is $7.45.

About Ørsted A/S

Ørsted A/S (OTCMKTS:DNNGY) is a Denmark-based renewable energy company that specializes in the development, construction and operation of offshore wind farms. Formerly known as DONG Energy until its rebranding in 2017 to honor Danish scientist Hans Christian Ørsted, the company has grown into a global leader in offshore wind power and green energy solutions.

The company’s core activities include the full lifecycle management of offshore wind projects, encompassing site identification, engineering, turbine installation and long-term operations and maintenance.