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

Shares of ENGIE – Sponsored ADR (OTCMKTS:ENGIY) have earned an average recommendation of “Moderate Buy” from the seven ratings firms that are presently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company.

ENGIY has been the topic of several recent research reports. Barclays reaffirmed an “overweight” rating on shares of ENGIE in a research note on Thursday, December 11th. Zacks Research upgraded shares of ENGIE from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 4th. Royal Bank Of Canada assumed coverage on ENGIE in a research report on Tuesday, November 25th. They set an “outperform” rating on the stock. Morgan Stanley reiterated an “overweight” rating on shares of ENGIE in a report on Friday, November 14th. Finally, Berenberg Bank raised ENGIE to a “hold” rating in a research note on Wednesday, January 21st.

ENGIE Trading Up 0.7%

Shares of ENGIY opened at $31.43 on Friday. The company’s 50-day simple moving average is $30.03 and its 200-day simple moving average is $25.72. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.06 and a quick ratio of 1.00. ENGIE has a 1 year low of $18.70 and a 1 year high of $35.16.

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.