ENGIE (OTCMKTS:ENGIY) Rating Lowered to "Hold" at Zacks Research

Key Points

• ENGIE has been downgraded from a "strong-buy" to a "hold" rating by Zacks Research, a significant shift in analyst sentiment for the stock.
• Despite the downgrade, other firms such as Barclays have recently upgraded ENGIE to a "strong-buy," indicating mixed opinions among analysts.
• ENGIE's stock price opened at $22.01, with a 52-week range between $15.10 and $23.70, suggesting volatility in its market performance.

ENGIE (OTCMKTS:ENGIY - Get Free Report) was downgraded by stock analysts at Zacks Research from a "strong-buy" rating to a "hold" rating in a research report issued to clients and investors on Wednesday, August 20th,Zacks.com reports.

A number of other brokerages have also weighed in on ENGIY. Morgan Stanley reaffirmed an "overweight" rating on shares of ENGIE in a research note on Monday, May 19th. Barclays upgraded shares of ENGIE from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, June 4th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, ENGIE presently has a consensus rating of "Moderate Buy".

ENGIE Price Performance

OTCMKTS:ENGIY traded down $0.17 during trading hours on Wednesday, reaching $20.77. The company's stock had a trading volume of 39,752 shares, compared to its average volume of 245,185. The stock has a 50 day moving average price of $22.57 and a two-hundred day moving average price of $20.79. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.02 and a current ratio of 1.09. ENGIE has a 12 month low of $15.10 and a 12 month high of $23.70.

ENGIE Company Profile

ENGIE SA engages in the power, natural gas, and energy services businesses. It operates through Renewables, Networks, Energy Solutions, FlexGen, Retail, Nuclear, and Others segments. The Renewables segment comprises renewable energy generation activities, including financing, construction, operation, and maintenance of renewable energy facilities using various energy sources, such as hydroelectric, onshore wind, photovoltaic solar, offshore wind, and geothermal.