ENGIE – Sponsored ADR (OTCMKTS:ENGIY) Receives Average Rating of “Moderate Buy” from Brokerages

ENGIE – Sponsored ADR (OTCMKTS:ENGIY) has been assigned a consensus rating of “Moderate Buy” from the nine brokerages that are presently covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the company.

ENGIY has been the topic of several analyst reports. Kepler Capital Markets upgraded shares of ENGIE to a “strong-buy” rating in a report on Thursday, March 19th. Barclays restated an “overweight” rating on shares of ENGIE in a report on Thursday, June 18th. Sanford C. Bernstein lowered shares of ENGIE from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 14th. Morgan Stanley restated an “overweight” rating on shares of ENGIE in a report on Monday, May 11th. Finally, Citigroup restated a “buy” rating on shares of ENGIE in a report on Friday, April 17th.

ENGIE Price Performance

Shares of ENGIY stock opened at $30.83 on Friday. ENGIE has a 1 year low of $20.18 and a 1 year high of $35.16. The firm’s 50 day moving average is $31.90 and its 200-day moving average is $30.53. The company has a current ratio of 1.08, a quick ratio of 1.03 and a debt-to-equity ratio of 1.06.

About ENGIE

ENGIE is a Paris-headquartered multinational energy company engaged across the value chain of electricity and natural gas, along with associated infrastructure and services. The company develops, builds and operates power generation assets (including gas-fired plants and an expanding portfolio of renewable generation such as wind, solar and hydro), trades and markets energy commodities, and supplies energy to industrial, commercial and residential customers. ENGIE also provides energy infrastructure and networks, liquefied natural gas (LNG) solutions, and a range of energy services including energy efficiency, facility management and distributed energy systems.

The group traces its modern corporate roots to the 2008 combination of Gaz de France and Suez, and subsequently adopted the ENGIE name in 2015 as part of a strategic repositioning.