ENGIE (OTCMKTS:ENGIY) Downgraded to “Neutral” Rating by JPMorgan Chase & Co.

JPMorgan Chase & Co. lowered shares of ENGIE (OTCMKTS:ENGIY) from an overweight rating to a neutral rating in a report issued on Thursday morning, MarketBeat.com reports.

A number of other research firms have also recently commented on ENGIY. Berenberg Bank upgraded shares of ENGIE to a “hold” rating in a report on Wednesday, January 21st. Barclays reissued an “overweight” rating on shares of ENGIE in a research report on Thursday, December 11th. Royal Bank Of Canada started coverage on shares of ENGIE in a research report on Tuesday, November 25th. They set an “outperform” rating on the stock. Morgan Stanley reaffirmed an “overweight” rating on shares of ENGIE in a research note on Friday, November 14th. Finally, Citigroup reiterated a “buy” rating on shares of ENGIE in a report on Wednesday, December 3rd. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, ENGIE presently has an average rating of “Moderate Buy”.

ENGIE Trading Down 2.1%

ENGIY opened at $30.02 on Thursday. The business has a fifty day moving average of $27.04 and a 200 day moving average of $24.11. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.00 and a current ratio of 1.06. ENGIE has a 52-week low of $16.12 and a 52-week high of $30.89.

About ENGIE

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.