The Goldman Sachs Group Upgrades Naturgy Energy Group (OTCMKTS:GASNY) to “Strong-Buy”

Naturgy Energy Group (OTCMKTS:GASNY) was upgraded by The Goldman Sachs Group from a “strong sell” rating to a “strong-buy” rating in a research note issued to investors on Wednesday,Zacks.com reports.

Naturgy Energy Group Price Performance

GASNY stock opened at $6.05 on Wednesday. Naturgy Energy Group has a 1-year low of $5.11 and a 1-year high of $6.40. The business’s 50 day simple moving average is $6.02 and its 200 day simple moving average is $6.05.

Naturgy Energy Group Company Profile

Naturgy Energy Group is a Madrid‐based global energy company primarily engaged in the distribution, transportation and commercialization of natural gas, as well as the generation and sale of electricity. Formerly known as Gas Natural Fenosa, the company rebranded to Naturgy in 2018 to reflect its broader focus on energy transition and sustainability. Its core activities span gas infrastructure development, liquefied natural gas (LNG) operations, power generation and retail energy services.

The company’s gas business encompasses network maintenance, storage and regasification terminals, alongside long‐term supply agreements and LNG trading.