ENGIE (OTCMKTS:ENGIY) Cut to “Hold” at Sanford C. Bernstein

Sanford C. Bernstein cut shares of ENGIE (OTCMKTS:ENGIY) from a strong-buy rating to a hold rating in a research note released on Tuesday morning,Zacks.com reports.

Other research analysts have also issued reports about the stock. Kepler Capital Markets raised shares of ENGIE to a “strong-buy” rating in a research note on Thursday, March 19th. JPMorgan Chase & Co. lowered shares of ENGIE from an “overweight” rating to a “neutral” rating in a research report on Thursday, February 5th. Berenberg Bank raised shares of ENGIE to a “hold” rating in a research report on Wednesday, January 21st. Finally, Zacks Research lowered shares of ENGIE from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 25th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

ENGIE Price Performance

ENGIE stock opened at $33.46 on Tuesday. ENGIE has a 1-year low of $19.51 and a 1-year high of $35.16. The firm’s fifty day moving average price is $32.15 and its two-hundred day moving average price is $27.74. The company has a quick ratio of 1.03, a current ratio of 1.08 and a debt-to-equity ratio of 1.06.

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.