Électricité de France (ECIFY) Cut to Sell at Zacks Investment Research

Zacks Investment Research lowered shares of Électricité de France (OTCMKTS:ECIFY) from a hold rating to a sell rating in a research note issued to investors on Monday.

According to Zacks, “Electricite de France SA (EDF SA) is a France-based electricity producer, marketer and distributor. The company is largely owned by the French state and Nikhanj Electricite. They generate energy using nuclear technology, as well as thermal, hydroelectric and other renewable sources. It is involved in energy generation and energy sales to industries, local authorities and residential consumers. In addition, EDF SA manages low and medium-voltage public distribution network and involves in electricity transmission network. It also provides energy services, such as district heating and thermal energy services. The group is present in France, Belgium, the United States, Poland, Italy, China, Vietnam and other countries worldwide. The Company has such subsidiaries Dalkia (including Citelum), under Dalkia’s brand and SINOP Energy Company, among others. “

Shares of Électricité de France opened at $2.86 on Monday, according to Marketbeat. Électricité de France has a 1-year low of $1.90 and a 1-year high of $2.92.

The company also recently announced a Semi-Annual dividend, which will be paid on Thursday, July 5th. Investors of record on Thursday, May 24th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Wednesday, May 23rd.

Électricité de France Company Profile

Electricité de France SA, an integrated energy company, engages in the generation, transmission, distribution, supply, and trading of power and energy services in France, the United Kingdom, Italy, and internationally. It generates electricity through nuclear, fossil fuel, hydro, solar, wind, biomass, biogas, tidal, geothermal, and cogeneration plants.

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