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

Shares of ENGIE – Sponsored ADR (OTCMKTS:ENGIY) have been assigned a consensus rating of “Moderate Buy” from the nine ratings firms that are covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company.

Several equities research analysts have issued reports on ENGIY shares. Zacks Research upgraded shares of ENGIE from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 27th. Kepler Capital Markets upgraded shares of ENGIE to a “strong-buy” rating in a research report on Thursday, March 19th. Sanford C. Bernstein downgraded shares of ENGIE from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 14th. JPMorgan Chase & Co. lowered shares of ENGIE from an “overweight” rating to a “neutral” rating in a research report on Thursday, February 5th. Finally, Morgan Stanley restated an “overweight” rating on shares of ENGIE in a research report on Monday, May 11th.

ENGIE Stock Performance

Shares of OTCMKTS ENGIY opened at $31.06 on Wednesday. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.08 and a quick ratio of 1.03. The business has a 50-day moving average of $32.49 and a 200-day moving average of $29.79. ENGIE has a 12 month low of $20.18 and a 12 month high of $35.16.

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.