Ørsted A/S (OTCMKTS:DNNGY) Upgraded by Zacks Research to Hold Rating

Zacks Research upgraded shares of Ørsted A/S (OTCMKTS:DNNGY) to a hold rating in a report released on Thursday morning,Zacks.com reports.

Several other equities research analysts also recently weighed in on the company. The Goldman Sachs Group raised Ørsted A/S from a “neutral” rating to a “buy” rating in a research report on Monday, April 27th. Morgan Stanley raised Ørsted A/S from an “equal weight” rating to an “overweight” rating in a research report on Thursday, May 14th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Ørsted A/S Price Performance

DNNGY stock opened at $8.95 on Thursday. The stock has a 50-day moving average price of $8.19 and a two-hundred day moving average price of $7.45. Ørsted A/S has a 12-month low of $5.75 and a 12-month high of $33.02.

About Ørsted A/S

Ørsted A/S (OTCMKTS:DNNGY) is a Denmark-based renewable energy company that specializes in the development, construction and operation of offshore wind farms. Formerly known as DONG Energy until its rebranding in 2017 to honor Danish scientist Hans Christian Ørsted, the company has grown into a global leader in offshore wind power and green energy solutions.

The company’s core activities include the full lifecycle management of offshore wind projects, encompassing site identification, engineering, turbine installation and long-term operations and maintenance.