Centrica (OTCMKTS:CPYYY) Stock Rating Upgraded by Citigroup

Centrica (OTCMKTS:CPYYY) was upgraded by equities researchers at Citigroup from a “hold” rating to a “strong-buy” rating in a research report issued on Wednesday,Zacks.com reports.

CPYYY has been the topic of several other research reports. Royal Bank Of Canada restated an “outperform” rating on shares of Centrica in a research report on Wednesday, February 25th. Jefferies Financial Group downgraded Centrica from a “strong-buy” rating to a “hold” rating in a report on Monday, March 2nd. Kepler Capital Markets lowered Centrica from a “hold” rating to a “strong sell” rating in a research note on Monday. Finally, The Goldman Sachs Group restated a “buy” rating on shares of Centrica in a report on Wednesday, February 25th. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Centrica Trading Up 0.6%

Shares of CPYYY opened at $11.10 on Wednesday. The company has a quick ratio of 1.56, a current ratio of 1.62 and a debt-to-equity ratio of 0.71. The firm’s fifty day simple moving average is $10.35 and its two-hundred day simple moving average is $9.47. Centrica has a 12 month low of $7.00 and a 12 month high of $11.15.

Centrica Company Profile

Centrica plc is a British multinational energy and services company headquartered in Windsor, England. The company operates across energy supply, services and solutions, delivering gas and electricity to residential, commercial and industrial customers. In addition to commodity supply, Centrica offers a range of services such as boiler installation and maintenance, smart home technology, and energy efficiency solutions through its field-based engineering teams.

Established in 1997 following the demerger of British Gas, Centrica has evolved through strategic acquisitions and divestments to focus on core markets and capabilities.