Sanford C. Bernstein Downgrades ENGIE (OTCMKTS:ENGIY) to Hold

ENGIE (OTCMKTS:ENGIY) was downgraded by stock analysts at Sanford C. Bernstein from a “strong-buy” rating to a “hold” rating in a report issued on Tuesday,Zacks.com reports.

Several other brokerages also recently issued reports on ENGIY. JPMorgan Chase & Co. downgraded shares of ENGIE from an “overweight” rating to a “neutral” rating in a report on Thursday, February 5th. Zacks Research downgraded shares of ENGIE from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 25th. Kepler Capital Markets raised shares of ENGIE to a “strong-buy” rating in a report on Thursday, March 19th. Finally, Berenberg Bank raised shares of ENGIE to a “hold” rating in a report on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, ENGIE has a consensus rating of “Moderate Buy”.

ENGIE Trading Down 0.1%

Shares of ENGIY opened at $33.99 on Tuesday. ENGIE has a 1 year low of $19.51 and a 1 year high of $35.16. 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 firm has a fifty day moving average of $32.08 and a 200-day moving average of $27.70.

ENGIE Company Profile

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.