Eiffage (OTCMKTS:EFGSY) Downgraded by Zacks Research to Strong Sell

Eiffage (OTCMKTS:EFGSY) was downgraded by equities researchers at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued on Wednesday, Zacks reports.

Other research analysts have also recently issued research reports about the company. Morgan Stanley restated an “overweight” rating on shares of Eiffage in a research note on Friday, July 10th. The Goldman Sachs Group downgraded Eiffage from a “buy” rating to a “neutral” rating in a report on Thursday, May 21st. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

Eiffage Stock Up 3.7%

Eiffage stock opened at $26.01 on Wednesday. Eiffage has a fifty-two week low of $24.16 and a fifty-two week high of $35.58. The stock’s 50 day simple moving average is $27.95 and its two-hundred day simple moving average is $30.19.

About Eiffage

Eiffage SA, traded over the counter under the symbol EFGSY, is a leading French construction and concessions group that offers a wide range of engineering and infrastructure services. The company’s core activities span civil engineering, metalworks, building construction and renovation, roadworks, and energy services. Through its integrated business model, Eiffage delivers turnkey solutions for public and private clients, from project financing and design to construction and long-term asset management.

In its concessions division, Eiffage invests in, finances and operates major transport and energy infrastructure assets such as motorways, tunnels and power distribution networks under public–private partnership arrangements.