Zacks Investment Research upgraded shares of ELECTRICITE DE/ADR (OTCMKTS:ECIFY) from a hold rating to a buy rating in a research note published on Tuesday morning. Zacks Investment Research currently has $4.00 target price on the stock.
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. “
Separately, BNP Paribas raised ELECTRICITE DE/ADR from an underperform rating to a neutral rating in a research report on Friday, September 21st. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus price target of $4.00.
Shares of OTCMKTS:ECIFY opened at $3.46 on Tuesday. The stock has a market cap of $52.12 billion, a P/E ratio of 14.58 and a beta of 1.40. ELECTRICITE DE/ADR has a 12-month low of $2.32 and a 12-month high of $3.64.
About ELECTRICITE DE/ADR
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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