ENGIE (OTCMKTS:ENGIY) Upgraded at Berenberg Bank

Berenberg Bank upgraded shares of ENGIE (OTCMKTS:ENGIY) to a hold rating in a research note released on Wednesday,Zacks.com reports.

A number of other equities research analysts have also weighed in on the company. Citigroup restated a “buy” rating on shares of ENGIE in a research report on Wednesday, December 3rd. Barclays restated an “overweight” rating on shares of ENGIE in a report on Thursday, December 11th. Morgan Stanley reiterated an “overweight” rating on shares of ENGIE in a report on Friday, November 14th. Finally, Royal Bank Of Canada assumed coverage on shares of ENGIE in a research report on Tuesday, November 25th. They issued an “outperform” rating for the company. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, ENGIE presently has a consensus rating of “Moderate Buy”.

ENGIE Trading Up 1.5%

OTCMKTS ENGIY opened at $28.49 on Wednesday. The firm’s fifty day moving average price is $26.21 and its two-hundred day moving average price is $23.67. The company has a quick ratio of 1.00, a current ratio of 1.06 and a debt-to-equity ratio of 1.09. ENGIE has a fifty-two week low of $15.91 and a fifty-two week high of $28.54.

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.