ENGIE (OTCMKTS:ENGIY) Upgraded by Zacks Research to Strong-Buy Rating

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

Other research analysts have also recently issued research reports about the company. Morgan Stanley reissued an “overweight” rating on shares of ENGIE in a research note on Friday, November 14th. Royal Bank Of Canada assumed coverage on ENGIE in a report on Tuesday, November 25th. They issued an “outperform” rating for the company. Berenberg Bank upgraded ENGIE to a “hold” rating in a research note on Wednesday, January 21st. Citigroup reaffirmed a “buy” rating on shares of ENGIE in a research note on Wednesday, December 3rd. Finally, JPMorgan Chase & Co. cut shares of ENGIE from an “overweight” rating to a “neutral” rating in a report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy”.

ENGIE Price Performance

ENGIE stock opened at $30.02 on Wednesday. The firm has a 50-day moving average of $27.04 and a two-hundred day moving average of $24.11. ENGIE has a 1 year low of $16.12 and a 1 year high of $30.89. 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 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.