Engie Brasl Ega (EGIEY) Set to Announce Earnings on Wednesday

Engie Brasl Ega (OTCMKTS:EGIEY) will likely be releasing its results after the market closes on Wednesday, November 4th. Analysts expect the company to post earnings of $0.09 per share and revenue of $540.54 million for the quarter.

Engie Brasl Ega Stock Up 1.2%

Shares of OTCMKTS EGIEY traded up $0.06 during mid-day trading on Tuesday, reaching $4.82. 24,701 shares of the company were exchanged, compared to its average volume of 49,471. Engie Brasl Ega has a 1 year low of $4.61 and a 1 year high of $9.50. The firm has a 50-day moving average of $5.92 and a 200 day moving average of $6.36. The stock has a market cap of $5.50 billion, a price-to-earnings ratio of 7.33 and a beta of 0.34. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.75.

Analyst Upgrades and Downgrades

Separately, Zacks Research initiated coverage on shares of Engie Brasl Ega in a research note on Wednesday, October 28th. They issued a “hold” rating on the stock. One investment analyst has rated the stock with a Hold rating. According to MarketBeat, the stock currently has a consensus rating of “Hold”.

Engie Brasl Ega Company Profile

ENGIE Brasil Energia SA is a Brazilian energy company engaged primarily in the generation, commercialization and trading of electricity. The company operates a diversified portfolio of power assets, including hydroelectric, thermoelectric, wind, solar and biomass facilities, and supplies electricity to commercial, industrial and other institutional customers.

The company’s operations are concentrated in Brazil, where it has developed and manages infrastructure supporting the country’s electricity system.