ENGIE (OTCMKTS:ENGIY) Rating Increased to Strong-Buy at Zacks Research

Zacks Research upgraded shares of ENGIE (OTCMKTS:ENGIY) from a hold rating to a strong-buy rating in a research report sent to investors on Monday morning,Zacks.com reports.

ENGIY has been the topic of a number of other research reports. Sanford C. Bernstein cut shares of ENGIE from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 14th. Berenberg Bank upgraded shares of ENGIE to a “hold” rating in a report on Wednesday, January 21st. Citigroup restated a “buy” rating on shares of ENGIE in a report on Friday, April 17th. Kepler Capital Markets upgraded shares of ENGIE to a “strong-buy” rating in a report on Thursday, March 19th. Finally, JPMorgan Chase & Co. cut shares of ENGIE from an “overweight” rating to a “neutral” rating in a report on Thursday, February 5th. Two research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, ENGIE currently has a consensus rating of “Moderate Buy”.

ENGIE Stock Performance

OTCMKTS:ENGIY opened at $33.34 on Monday. The company’s 50 day moving average price is $32.50 and its 200-day moving average price is $28.48. ENGIE has a 52 week low of $19.51 and a 52 week high of $35.16. 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.