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

Shares of ENGIE – Sponsored ADR (OTCMKTS:ENGIY) have been given a consensus recommendation of “Moderate Buy” by the nine research firms that are presently covering the stock, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company.

Several equities research analysts recently issued reports on ENGIY shares. Morgan Stanley restated an “overweight” rating on shares of ENGIE in a research report on Monday, May 11th. Barclays reiterated an “overweight” rating on shares of ENGIE in a report on Thursday, June 18th. Finally, Zacks Research downgraded ENGIE from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 10th.

ENGIE Stock Down 0.5%

ENGIY stock opened at $27.60 on Friday. ENGIE has a 1 year low of $20.53 and a 1 year high of $35.16. The business has a 50 day simple moving average of $30.29 and a 200-day simple moving average of $31.43. 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 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.