ENGIE (OTCMKTS:ENGIY) Downgraded to "Hold" Rating by 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 research analysts at Zacks Research from a "strong-buy" rating to a "hold" rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

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

ENGIE Stock Performance

Shares of ENGIY stock opened at $22.01 on Wednesday. ENGIE has a 12 month low of $15.10 and a 12 month high of $23.70. The company has a current ratio of 1.09, a quick ratio of 1.02 and a debt-to-equity ratio of 1.04. The business's 50 day moving average is $22.65 and its two-hundred day moving average is $20.66.

About ENGIE

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.

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