ENGIE (OTCMKTS:ENGIY) Stock Rating Lowered by Zacks Research

ENGIE (OTCMKTS:ENGIY) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report issued on Wednesday,Zacks.com reports.

A number of other analysts have also recently commented on ENGIY. Barclays reaffirmed an “overweight” rating on shares of ENGIE in a report on Thursday, December 11th. JPMorgan Chase & Co. downgraded shares of ENGIE from an “overweight” rating to a “neutral” rating in a research report on Thursday, February 5th. Citigroup restated a “buy” rating on shares of ENGIE in a research note on Wednesday, December 3rd. Kepler Capital Markets upgraded ENGIE to a “strong-buy” rating in a research report on Thursday, March 19th. Finally, Berenberg Bank upgraded ENGIE to a “hold” rating in a research report on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, ENGIE has an average rating of “Moderate Buy”.

ENGIE Trading Down 0.3%

Shares of OTCMKTS:ENGIY opened at $31.17 on Wednesday. The company has a current ratio of 1.06, a quick ratio of 1.00 and a debt-to-equity ratio of 1.09. The firm’s 50 day moving average price is $30.84 and its 200-day moving average price is $26.47. ENGIE has a twelve month low of $19.00 and a twelve month high of $35.16.

About ENGIE

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.