Eiffage (OTCMKTS:EFGSY) Cut to Hold at Zacks Research

Eiffage (OTCMKTS:EFGSY) was downgraded by research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued on Tuesday,Zacks.com reports.

A number of other brokerages have also weighed in on EFGSY. Morgan Stanley reiterated an “overweight” rating on shares of Eiffage in a research report on Friday, July 10th. The Goldman Sachs Group lowered 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 and two have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy”.

Eiffage Stock Performance

Shares of EFGSY stock opened at $29.14 on Tuesday. The firm has a market cap of $14.28 billion and a price-to-earnings ratio of 56.03. The firm’s 50-day simple moving average is $28.80 and its two-hundred day simple moving average is $30.65. Eiffage has a 52 week low of $23.65 and a 52 week high of $35.58.

Eiffage Company Profile

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.