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

ENGIE – Sponsored ADR (OTCMKTS:ENGIY) has received an average rating of “Moderate Buy” from the nine brokerages that are covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company.

ENGIY has been the topic of a number of recent analyst reports. Zacks Research cut shares of ENGIE from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 10th. Sanford C. Bernstein cut shares of ENGIE from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 14th. Morgan Stanley reiterated an “overweight” rating on shares of ENGIE in a research report on Monday, May 11th. Citigroup reissued a “buy” rating on shares of ENGIE in a research note on Friday, April 17th. Finally, Barclays restated an “overweight” rating on shares of ENGIE in a report on Thursday, June 18th.

ENGIE Trading Up 0.8%

Shares of ENGIY opened at $30.78 on Thursday. ENGIE has a fifty-two week low of $20.18 and a fifty-two week high of $35.16. The company has a quick ratio of 1.03, a current ratio of 1.08 and a debt-to-equity ratio of 1.06. The company has a 50 day moving average price of $31.23 and a 200-day moving average price of $31.10.

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.