ENGIE – Sponsored ADR (OTCMKTS:ENGIY) Given Consensus Recommendation of “Moderate Buy” by Brokerages

ENGIE – Sponsored ADR (OTCMKTS:ENGIY) has been given an average recommendation of “Moderate Buy” by the nine ratings firms that are presently covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company.

ENGIY has been the subject of several research analyst reports. Sanford C. Bernstein downgraded shares of ENGIE from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 14th. Citigroup reiterated a “buy” rating on shares of ENGIE in a research report on Friday, April 17th. Barclays reaffirmed an “overweight” rating on shares of ENGIE in a report on Thursday, June 18th. Kepler Capital Markets raised shares of ENGIE to a “strong-buy” rating in a research note on Thursday, March 19th. Finally, Zacks Research downgraded shares of ENGIE from a “strong-buy” rating to a “hold” rating in a report on Friday, July 10th.

ENGIE Trading Down 0.9%

ENGIE stock opened at $31.08 on Thursday. The company’s fifty day moving average price is $31.27 and its 200 day moving average price is $31.07. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.08 and a quick ratio of 1.03. ENGIE has a 1 year low of $20.18 and a 1 year high of $35.16.

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.