ENGIE - Sponsored ADR (OTCMKTS:ENGIY) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Key Points

• ENGIE - Sponsored ADR has received a consensus recommendation of "Moderate Buy" from six brokerages, with ratings including two hold, three buy, and one strong buy.
• Zacks Research recently downgraded ENGIE from a "strong-buy" to a "hold" rating, while Barclays upgraded it to a "strong-buy".
• ENGIE's current share price is $22.01, with a one-year range between $15.10 and $23.70.

Shares of ENGIE - Sponsored ADR (OTCMKTS:ENGIY - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the six brokerages that are covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company.

A number of research analysts recently weighed in on ENGIY shares. Zacks Research lowered shares of ENGIE from a "strong-buy" rating to a "hold" rating in a report on Wednesday. Morgan Stanley reissued an "overweight" rating on shares of ENGIE in a report on Monday, May 19th. Finally, Barclays raised shares of ENGIE from a "hold" rating to a "strong-buy" rating in a report on Wednesday, June 4th.

ENGIE Price Performance

Shares of ENGIY opened at $22.01 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.09 and a debt-to-equity ratio of 1.04. ENGIE has a 1-year low of $15.10 and a 1-year high of $23.70. The firm's 50 day simple moving average is $22.65 and its 200 day simple 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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