Zacks Investment Research Lowers ELECTRICITE DE/ADR (ECIFY) to Hold
Zacks Investment Research cut shares of ELECTRICITE DE/ADR (OTCMKTS:ECIFY) from a buy rating to a hold rating in a research report report published on Wednesday morning.
According to Zacks, “Electricite de France SA (EDF SA) is a France-based electricity producer, marketer and distributor. The company is largely owned by the French state and Nikhanj Electricite. They generate energy using nuclear technology, as well as thermal, hydroelectric and other renewable sources. It is involved in energy generation and energy sales to industries, local authorities and residential consumers. In addition, EDF SA manages low and medium-voltage public distribution network and involves in electricity transmission network. It also provides energy services, such as district heating and thermal energy services. The group is present in France, Belgium, the United States, Poland, Italy, China, Vietnam and other countries worldwide. The Company has such subsidiaries Dalkia (including Citelum), under Dalkia’s brand and SINOP Energy Company, among others. “
OTCMKTS ECIFY opened at $3.28 on Wednesday. The company has a market capitalization of $45.62 billion, a price-to-earnings ratio of 13.67 and a beta of 1.40. ELECTRICITE DE/ADR has a 52 week low of $2.15 and a 52 week high of $3.30.
Electricité de France SA, an integrated energy company, engages in the generation, transmission, distribution, supply, and trading of power and energy services in France, the United Kingdom, Italy, and internationally. It generates electricity through nuclear, fossil fuel, hydro, solar, wind, biomass, biogas, tidal, geothermal, and cogeneration plants.
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