ENGIE (OTCMKTS:ENGIY) Upgraded at Zacks Research

Zacks Research upgraded shares of ENGIE (OTCMKTS:ENGIY) from a hold rating to a strong-buy rating in a report issued on Wednesday morning,Zacks.com reports.

Several other equities analysts also recently weighed in on the stock. Berenberg Bank raised shares of ENGIE to a “hold” rating in a report on Wednesday, January 21st. Royal Bank Of Canada began coverage on shares of ENGIE in a research note on Tuesday, November 25th. They set an “outperform” rating on the stock. Citigroup reiterated a “buy” rating on shares of ENGIE in a research note on Wednesday, December 3rd. Morgan Stanley restated an “overweight” rating on shares of ENGIE in a research report on Friday, November 14th. Finally, Barclays reiterated an “overweight” rating on shares of ENGIE in a research report on Thursday, December 11th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

ENGIE Stock Up 1.4%

ENGIY stock opened at $30.44 on Wednesday. The business’s 50-day moving average price is $27.14 and its 200-day moving average price is $24.16. The company has a quick ratio of 1.00, a current ratio of 1.06 and a debt-to-equity ratio of 1.09. ENGIE has a twelve month low of $16.12 and a twelve month 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.