UBS Group Upgrades Technip Energies (OTCMKTS:THNPY) to Strong-Buy

Technip Energies (OTCMKTS:THNPY) was upgraded by equities researchers at UBS Group from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Wednesday, Zacks reports.

Other research analysts have also recently issued reports about the stock. Royal Bank Of Canada raised shares of Technip Energies from a “hold” rating to a “moderate buy” rating in a report on Thursday, September 10th. Zacks Research upgraded shares of Technip Energies from a “strong sell” rating to a “hold” rating in a research report on Monday, October 5th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy”.

Technip Energies Trading Up 0.3%

Shares of Technip Energies stock opened at $33.63 on Wednesday. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.67. Technip Energies has a twelve month low of $30.41 and a twelve month high of $48.27. The company has a 50-day simple moving average of $34.08 and a two-hundred day simple moving average of $38.86.

About Technip Energies

Technip Energies N.V. is an engineering and technology company that designs and delivers complex projects for the energy and chemicals industries. Its services span project development, engineering, procurement, construction management, commissioning and technology licensing.

The company’s activities include liquefied natural gas infrastructure, offshore and floating LNG facilities, hydrogen and sustainable chemistry projects, ethylene plants, and carbon management solutions. Technip Energies also develops technologies intended to support lower-carbon energy systems and industrial decarbonization.

Technip Energies serves customers internationally through operations and projects across Europe, the Middle East, Asia, Africa and the Americas.