ENGIE – Sponsored ADR (OTCMKTS:ENGIY) Receives Average Rating of “Moderate Buy” from Analysts

Shares of ENGIE – Sponsored ADR (OTCMKTS:ENGIY) have been given an average rating of “Moderate Buy” by the nine brokerages that are currently covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company.

Several analysts have commented on the company. Barclays reissued an “overweight” rating on shares of ENGIE in a report on Thursday, June 18th. Morgan Stanley restated an “overweight” rating on shares of ENGIE in a research report on Monday, May 11th. Citigroup reaffirmed a “buy” rating on shares of ENGIE in a report on Friday, April 17th. Finally, Zacks Research cut shares of ENGIE from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 10th.

ENGIE Stock Performance

OTCMKTS:ENGIY opened at $29.80 on Monday. The company has a current ratio of 1.08, a quick ratio of 1.03 and a debt-to-equity ratio of 1.06. The company’s fifty day moving average price is $30.90 and its 200-day moving average price is $31.56. 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.