ENGIE (OTCMKTS:ENGIY) Lowered to “Hold” Rating by Zacks Research

Zacks Research downgraded shares of ENGIE (OTCMKTS:ENGIY) from a strong-buy rating to a hold rating in a report released on Wednesday morning,Zacks.com reports.

ENGIY has been the subject of a number of other research reports. Barclays reissued an “overweight” rating on shares of ENGIE in a research note on Thursday, December 11th. Kepler Capital Markets upgraded ENGIE to a “strong-buy” rating in a report on Thursday, March 19th. Berenberg Bank raised shares of ENGIE to a “hold” rating in a research report on Wednesday, January 21st. Royal Bank Of Canada began coverage on shares of ENGIE in a research note on Tuesday, November 25th. They set an “outperform” rating for the company. Finally, Citigroup reaffirmed a “buy” rating on shares of ENGIE in a research note on Wednesday, December 3rd. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

ENGIE Price Performance

Shares of ENGIY opened at $31.17 on Wednesday. ENGIE has a one year low of $19.00 and a one year high of $35.16. The stock has a 50-day moving average of $30.84 and a 200-day moving average of $26.47. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.00 and a current ratio of 1.06.

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.