ENGIE – Sponsored ADR (OTCMKTS:ENGIY) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of ENGIE – Sponsored ADR (OTCMKTS:ENGIY) have earned a consensus recommendation of “Moderate Buy” from the nine research firms that are covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company.

ENGIY has been the topic of a number of analyst reports. Barclays restated an “overweight” rating on shares of ENGIE in a report on Thursday, June 18th. Morgan Stanley reiterated an “overweight” rating on shares of ENGIE in a research note on Monday, May 11th. Citigroup reissued a “buy” rating on shares of ENGIE in a report on Friday, April 17th. Sanford C. Bernstein cut ENGIE from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 14th. Finally, Zacks Research downgraded ENGIE from a “strong-buy” rating to a “hold” rating in a report on Friday, July 10th.

ENGIE Stock Performance

OTCMKTS ENGIY opened at $30.89 on Monday. The company has a current ratio of 1.08, a quick ratio of 1.03 and a debt-to-equity ratio of 1.06. ENGIE has a 52 week low of $20.18 and a 52 week high of $35.16. The firm has a 50 day moving average of $31.00 and a two-hundred day moving average of $31.52.

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.