Enagas (OTCMKTS:ENGGF) Rating Increased to Equal Weight at Morgan Stanley

Morgan Stanley upgraded shares of Enagas (OTCMKTS:ENGGF) from an underweight rating to an equal weight rating in a research report released on Tuesday morning, Marketbeat.com reports.

Enagas Stock Performance

ENGGF stock opened at $17.18 on Tuesday. The company’s 50 day moving average price is $16.69 and its 200 day moving average price is $16.44. Enagas has a fifty-two week low of $16.03 and a fifty-two week high of $18.00.

Enagas Company Profile

Enagás is a Spanish energy company that specializes in the transportation and regasification of natural gas. As the independent technical manager of Spain’s gas system, the company oversees the planning, development and operation of the country’s high-pressure transmission network. Enagás’s core activities include the construction, maintenance and management of pipelines and storage facilities designed to ensure the reliable supply of natural gas to industrial, power generation and distribution customers across the Iberian Peninsula.

The company operates six liquefied natural gas (LNG) regasification plants strategically located on Spain’s Atlantic and Mediterranean coasts.