Deutsche Bank Downgrades ENAGAS S A/ADR (OTCMKTS:ENGGY) to Sell

Deutsche Bank lowered shares of ENAGAS S A/ADR (OTCMKTS:ENGGY) from a hold rating to a sell rating in a report issued on Tuesday, The Fly reports.

Separately, Citigroup raised shares of China Petroleum & Chemical from a neutral rating to a buy rating in a research note on Tuesday, May 14th.

ENAGAS S A/ADR stock opened at $10.71 on Tuesday. The company has a quick ratio of 1.42, a current ratio of 1.45 and a debt-to-equity ratio of 1.94. The stock has a fifty day simple moving average of $13.46. ENAGAS S A/ADR has a twelve month low of $10.70 and a twelve month high of $15.43.

The firm also recently declared a Semi-Annual dividend, which will be paid on Thursday, July 18th. Shareholders of record on Tuesday, July 2nd will be paid a $0.369 dividend. The ex-dividend date of this dividend is Monday, July 1st. This is an increase from ENAGAS S A/ADR’s previous Semi-Annual dividend of $0.25.

ENAGAS S A/ADR Company Profile

Enagás, SA engages in the development, operation, and maintenance of gas infrastructures in Spain and internationally. The company provides gas transportation services through gas pipelines; natural gas regasification services; and operates underground storage facilities. It is involved in the operation and technical management of the basic network and secondary transportation network for natural gas.

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