Sanford C. Bernstein Begins Coverage on Engie (OTCMKTS:ENGIY)

Stock analysts at Sanford C. Bernstein initiated coverage on shares of Engie (OTCMKTS:ENGIY) in a research note issued on Wednesday, Briefing.com reports. The brokerage set an “outperform” rating on the utilities provider’s stock.

Separately, Bank of America upgraded shares of Engie from an “underperform” rating to a “neutral” rating in a report on Wednesday.

Engie Stock Up 0.1 %

Shares of ENGIY traded up $0.01 during midday trading on Wednesday, reaching $17.35. The company had a trading volume of 55,930 shares, compared to its average volume of 206,456. Engie has a 1-year low of $13.98 and a 1-year high of $18.15. The firm has a 50 day simple moving average of $17.07 and a 200-day simple moving average of $16.51.

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.