Zacks Research Downgrades Eiffage (OTCMKTS:EFGSY) to Hold

Eiffage (OTCMKTS:EFGSY) was downgraded by investment analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report released on Tuesday,Zacks.com reports.

Several other research firms have also recently weighed in on EFGSY. The Goldman Sachs Group cut Eiffage from a “buy” rating to a “neutral” rating in a research report on Thursday, May 21st. Morgan Stanley restated an “overweight” rating on shares of Eiffage in a research note on Friday, July 10th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Eiffage Price Performance

Eiffage stock opened at $29.14 on Tuesday. The company’s 50 day simple moving average is $28.80 and its 200 day simple moving average is $30.65. The firm has a market capitalization of $14.28 billion and a price-to-earnings ratio of 56.03. Eiffage has a fifty-two week low of $23.65 and a fifty-two week high of $35.58.

About Eiffage

Eiffage SA, traded over the counter under the symbol EFGSY, is a leading French construction and concessions group that offers a wide range of engineering and infrastructure services. The company’s core activities span civil engineering, metalworks, building construction and renovation, roadworks, and energy services. Through its integrated business model, Eiffage delivers turnkey solutions for public and private clients, from project financing and design to construction and long-term asset management.

In its concessions division, Eiffage invests in, finances and operates major transport and energy infrastructure assets such as motorways, tunnels and power distribution networks under public–private partnership arrangements.