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

ENGIE – Sponsored ADR (OTCMKTS:ENGIY) has earned an average recommendation of “Moderate Buy” from the nine brokerages that are presently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation, four have given a buy recommendation and two have assigned a strong buy recommendation to the company.

A number of equities analysts have commented on ENGIY shares. Barclays restated an “overweight” rating on shares of ENGIE in a research note on Thursday, June 18th. Morgan Stanley restated an “overweight” rating on shares of ENGIE in a research note on Monday, May 11th. Zacks Research upgraded ENGIE from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 27th. Citigroup restated a “buy” rating on shares of ENGIE in a research note on Friday, April 17th. Finally, Kepler Capital Markets upgraded ENGIE to a “strong-buy” rating in a research note on Thursday, March 19th.

ENGIE Trading Up 0.6%

Shares of OTCMKTS ENGIY opened at $31.03 on Friday. The company has a current ratio of 1.08, a quick ratio of 1.03 and a debt-to-equity ratio of 1.06. ENGIE has a 1-year low of $20.18 and a 1-year high of $35.16. The business’s 50 day moving average is $31.84 and its 200-day moving average is $30.53.

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.