Royal Bank Of Canada Upgrades Ørsted A/S (OTCMKTS:DNNGY) to “Moderate Buy”

Ørsted A/S (OTCMKTS:DNNGY) was upgraded by equities research analysts at Royal Bank Of Canada to a “moderate buy” rating in a research note issued on Tuesday, Zacks reports.

Other research analysts have also issued reports about the company. Zacks Research raised Ørsted A/S to a “hold” rating in a report on Thursday, May 21st. Morgan Stanley raised Ørsted A/S from an “equal weight” rating to an “overweight” rating in a report on Thursday, May 14th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Ørsted A/S Trading Down 1.8%

Shares of OTCMKTS DNNGY opened at $6.93 on Tuesday. Ørsted A/S has a 1-year low of $5.75 and a 1-year high of $33.02. The business’s 50 day moving average is $7.33 and its 200-day moving average is $7.82.

About Ørsted A/S

Ørsted A/S (OTCMKTS:DNNGY) is a Denmark-based renewable energy company that specializes in the development, construction and operation of offshore wind farms. Formerly known as DONG Energy until its rebranding in 2017 to honor Danish scientist Hans Christian Ørsted, the company has grown into a global leader in offshore wind power and green energy solutions.

The company’s core activities include the full lifecycle management of offshore wind projects, encompassing site identification, engineering, turbine installation and long-term operations and maintenance.