Citigroup Upgrades Centrica (OTCMKTS:CPYYY) to “Strong-Buy”

Centrica (OTCMKTS:CPYYY) was upgraded by Citigroup from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Wednesday,Zacks.com reports.

Several other brokerages also recently issued reports on CPYYY. Kepler Capital Markets lowered shares of Centrica from a “hold” rating to a “strong sell” rating in a research report on Monday. Royal Bank Of Canada reiterated an “outperform” rating on shares of Centrica in a report on Wednesday, February 25th. Jefferies Financial Group cut Centrica from a “strong-buy” rating to a “hold” rating in a report on Monday, March 2nd. Finally, The Goldman Sachs Group reaffirmed a “buy” rating on shares of Centrica in a research report on Wednesday, February 25th. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Centrica Stock Up 1.6%

Centrica stock opened at $11.28 on Wednesday. Centrica has a 12-month low of $7.00 and a 12-month high of $11.28. The company has a quick ratio of 1.56, a current ratio of 1.62 and a debt-to-equity ratio of 0.71. The firm’s 50-day moving average is $10.39 and its two-hundred day moving average is $9.48.

Centrica Company Profile

Centrica plc is a British multinational energy and services company headquartered in Windsor, England. The company operates across energy supply, services and solutions, delivering gas and electricity to residential, commercial and industrial customers. In addition to commodity supply, Centrica offers a range of services such as boiler installation and maintenance, smart home technology, and energy efficiency solutions through its field-based engineering teams.

Established in 1997 following the demerger of British Gas, Centrica has evolved through strategic acquisitions and divestments to focus on core markets and capabilities.