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

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

Several analysts have recently commented on the stock. Morgan Stanley reiterated an “overweight” rating on shares of ENGIE in a report on Monday, May 11th. Barclays restated an “overweight” rating on shares of ENGIE in a report on Thursday, June 18th. Finally, Zacks Research downgraded shares of ENGIE from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 10th.

ENGIE Price Performance

OTCMKTS ENGIY opened at $29.80 on Monday. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.08 and a quick ratio of 1.03. The business has a fifty day simple moving average of $30.90 and a 200 day simple moving average of $31.58. ENGIE has a 12 month low of $20.18 and a 12 month high of $35.16.

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.