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

Shares of ENGIE – Sponsored ADR (OTCMKTS:ENGIY) have been assigned an average recommendation of “Moderate Buy” from the nine research firms that are currently covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating on the company.

A number of research analysts have weighed in on the company. Morgan Stanley reissued an “overweight” rating on shares of ENGIE in a report on Monday, May 11th. Zacks Research cut ENGIE from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 10th. Citigroup reaffirmed a “buy” rating on shares of ENGIE in a research report on Friday, April 17th. Kepler Capital Markets raised shares of ENGIE to a “strong-buy” rating in a research report on Thursday, March 19th. Finally, Barclays restated an “overweight” rating on shares of ENGIE in a research note on Thursday, June 18th.

ENGIE Price Performance

OTCMKTS ENGIY opened at $31.08 on Thursday. The stock’s fifty day moving average price is $31.27 and its 200-day moving average price is $31.07. ENGIE has a 12 month low of $20.18 and a 12 month high of $35.16. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.08 and a quick ratio of 1.03.

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.