Zacks Research Downgrades Eiffage (OTCMKTS:EFGSY) to Hold

Eiffage (OTCMKTS:EFGSY – Get Free Report) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued on Tuesday,Zacks.com reports.

Other equities analysts have also recently issued research reports about the stock. The Goldman Sachs Group cut shares of Eiffage from a “buy” rating to a “neutral” rating in a research report on Thursday, May 21st. Morgan Stanley reaffirmed an “overweight” rating on shares of Eiffage in a report on Friday, July 10th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Eiffage has an average rating of “Moderate Buy”.

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Eiffage Price Performance

Shares of EFGSY stock opened at $29.14 on Tuesday. Eiffage has a one year low of $23.65 and a one year high of $35.58. The company has a market cap of $14.28 billion and a P/E ratio of 56.03. The firm has a 50-day moving average of $28.80 and a 200-day moving average of $30.65.

Eiffage Company Profile

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Eiffage SA, traded over the counter under the symbol EFGSY, is a leading French construction and concessions group that offers a wide range of engineering and infrastructure services. The company’s core activities span civil engineering, metalworks, building construction and renovation, roadworks, and energy services. Through its integrated business model, Eiffage delivers turnkey solutions for public and private clients, from project financing and design to construction and long-term asset management.

In its concessions division, Eiffage invests in, finances and operates major transport and energy infrastructure assets such as motorways, tunnels and power distribution networks under public–private partnership arrangements.

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