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

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

Several research firms recently commented on ENGIY. Zacks Research lowered shares of ENGIE from a “strong-buy” rating to a “hold” rating in a report on Friday, July 10th. Barclays restated an “overweight” rating on shares of ENGIE in a research report on Thursday, June 18th. Morgan Stanley reaffirmed an “overweight” rating on shares of ENGIE in a research note on Monday, May 11th. Sanford C. Bernstein downgraded ENGIE from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 14th. Finally, Citigroup reissued a “buy” rating on shares of ENGIE in a research note on Friday, April 17th.

ENGIE Stock Down 0.5%

Shares of ENGIY opened at $30.63 on Thursday. 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 fifty-two week low of $20.18 and a fifty-two week high of $35.16. The firm has a 50 day moving average price of $31.19 and a 200-day moving average price of $31.16.

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.