Enagas (OTCMKTS:ENGGF – Get Free Report) was upgraded by research analysts at Morgan Stanley from an “underweight” rating to an “equal weight” rating in a research report issued to clients and investors on Tuesday, Marketbeat.com reports.
Enagas Price Performance
ENGGF opened at $17.18 on Tuesday. The company has a fifty day simple moving average of $16.67 and a 200 day simple moving average of $16.44. Enagas has a twelve month low of $16.03 and a twelve month high of $18.00.
Enagas Company Profile
Enagás is a Spanish energy company that specializes in the transportation and regasification of natural gas. As the independent technical manager of Spain’s gas system, the company oversees the planning, development and operation of the country’s high-pressure transmission network. Enagás’s core activities include the construction, maintenance and management of pipelines and storage facilities designed to ensure the reliable supply of natural gas to industrial, power generation and distribution customers across the Iberian Peninsula.
The company operates six liquefied natural gas (LNG) regasification plants strategically located on Spain’s Atlantic and Mediterranean coasts.
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