ENGIE – Sponsored ADR (OTCMKTS:ENGIY) Receives Average Rating of “Moderate Buy” from Analysts

ENGIE – Sponsored ADR (OTCMKTS:ENGIY) has been assigned an average rating of “Moderate Buy” from the nine ratings firms that are covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company.

Several analysts have commented on ENGIY shares. Morgan Stanley restated an “overweight” rating on shares of ENGIE in a report on Monday, May 11th. Citigroup reissued a “buy” rating on shares of ENGIE in a research report on Friday, April 17th. Zacks Research cut ENGIE from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 10th. Barclays restated an “overweight” rating on shares of ENGIE in a research report on Thursday, June 18th. Finally, Sanford C. Bernstein downgraded ENGIE from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 14th.

ENGIE Stock Performance

Shares of ENGIY opened at $31.58 on Thursday. ENGIE has a 1-year low of $20.18 and a 1-year high of $35.16. The company has a quick ratio of 1.03, a current ratio of 1.08 and a debt-to-equity ratio of 1.06. The firm’s 50-day moving average price is $31.16 and its 200-day moving average price is $31.23.

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.