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

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

A number of research firms have commented on ENGIY. Sanford C. Bernstein lowered shares of ENGIE from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 14th. Barclays restated an “overweight” rating on shares of ENGIE in a research note on Thursday. Zacks Research upgraded shares of ENGIE from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 27th. Morgan Stanley restated an “overweight” rating on shares of ENGIE in a research note on Monday, May 11th. Finally, Kepler Capital Markets upgraded shares of ENGIE to a “strong-buy” rating in a research note on Thursday, March 19th.

ENGIE Price Performance

OTCMKTS ENGIY opened at $30.79 on Friday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.03 and a current ratio of 1.08. ENGIE has a one year low of $20.18 and a one year high of $35.16. The firm’s fifty day moving average is $32.18 and its two-hundred day moving average is $30.34.

ENGIE Company Profile

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.