Genel Energy (NASDAQ:GEGYY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday.

According to Zacks, “Genel Energy PLC is an oil and gas exploration and production company. It reserves and resources located primarily in the Kurdistan Region of Iraq. Genel Energy PLC is headquartered in London. “

Shares of Genel Energy (NASDAQ:GEGYY) traded up 20.00% on Wednesday, hitting $1.50. 5,750 shares of the stock were exchanged. The stock’s market cap is $417.59 million. The company’s 50 day moving average is $1.23 and its 200-day moving average is $1.39. Genel Energy has a 52-week low of $0.92 and a 52-week high of $1.50.

WARNING: “Genel Energy (GEGYY) Downgraded by Zacks Investment Research” was published by American Banking News and is the sole property of of American Banking News. If you are viewing this article on another website, it was illegally stolen and reposted in violation of US & international copyright law. The legal version of this article can be viewed at https://www.americanbankingnews.com/2017/10/25/genel-energy-gegyy-downgraded-by-zacks-investment-research.html.

Get a free copy of the Zacks research report on Genel Energy (GEGYY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Genel Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Genel Energy and related companies with MarketBeat.com's FREE daily email newsletter.