ENGIE – Sponsored ADR (OTCMKTS:ENGIY) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of ENGIE – Sponsored ADR (OTCMKTS:ENGIY) have been assigned an average recommendation of “Moderate Buy” from the seven ratings firms that are covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company.

A number of research firms have recently commented on ENGIY. Berenberg Bank raised shares of ENGIE to a “hold” rating in a research note on Wednesday, January 21st. Barclays reiterated an “overweight” rating on shares of ENGIE in a report on Thursday, December 11th. Citigroup reiterated a “buy” rating on shares of ENGIE in a research note on Wednesday, December 3rd. JPMorgan Chase & Co. cut ENGIE from an “overweight” rating to a “neutral” rating in a report on Thursday, February 5th. Finally, Royal Bank Of Canada initiated coverage on ENGIE in a research report on Tuesday, November 25th. They issued an “outperform” rating on the stock.

ENGIE Stock Up 0.3%

OTCMKTS:ENGIY opened at $31.52 on Friday. 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 fifty-two week low of $18.70 and a fifty-two week high of $35.16. The company has a fifty day moving average of $30.12 and a two-hundred day moving average of $25.86.

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.