ENGIE (OTCMKTS:ENGIY) Stock Rating Lowered by Zacks Research

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

Other equities research analysts have also recently issued reports about the company. Citigroup reiterated a “buy” rating on shares of ENGIE in a research note on Wednesday, December 3rd. JPMorgan Chase & Co. downgraded shares of ENGIE from an “overweight” rating to a “neutral” rating in a report on Thursday, February 5th. Berenberg Bank raised shares of ENGIE to a “hold” rating in a research report on Wednesday, January 21st. Barclays reiterated an “overweight” rating on shares of ENGIE in a research note on Thursday, December 11th. Finally, Kepler Capital Markets raised shares of ENGIE to a “strong-buy” rating in a research report on Thursday, March 19th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

ENGIE Trading Down 0.3%

ENGIE stock opened at $31.17 on Wednesday. ENGIE has a 1-year low of $19.00 and a 1-year high of $35.16. The business has a fifty day moving average price of $30.84 and a 200-day moving average price of $26.47. 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.