ELECTRICITE DE/ADR (OTCMKTS:ECIFY) Upgraded to “Hold” by Zacks Investment Research

Zacks Investment Research upgraded shares of ELECTRICITE DE/ADR (OTCMKTS:ECIFY) from a sell rating to a hold rating in a research note published on Tuesday morning, Zacks.com reports.

According to Zacks, “Electricite de France SA (EDF SA) is a France-based electricity producer, marketer and distributor. The company is largely owned by the French state and Nikhanj Electricite. They generate energy using nuclear technology, as well as thermal, hydroelectric and other renewable sources. It is involved in energy generation and energy sales to industries, local authorities and residential consumers. In addition, EDF SA manages low and medium-voltage public distribution network and involves in electricity transmission network. It also provides energy services, such as district heating and thermal energy services. The group is present in France, Belgium, the United States, Poland, Italy, China, Vietnam and other countries worldwide. The Company has such subsidiaries Dalkia (including Citelum), under Dalkia’s brand and SINOP Energy Company, among others. “

Several other research firms have also recently issued reports on ECIFY. Morgan Stanley reiterated an overweight rating on shares of ELECTRICITE DE/ADR in a research report on Friday, April 17th. ValuEngine upgraded ELECTRICITE DE/ADR from a sell rating to a hold rating in a report on Thursday, July 2nd. JPMorgan Chase & Co. restated an overweight rating on shares of ELECTRICITE DE/ADR in a report on Thursday, May 7th. Barclays restated an overweight rating on shares of ELECTRICITE DE/ADR in a report on Tuesday, May 5th. Finally, Berenberg Bank restated a hold rating on shares of ELECTRICITE DE/ADR in a report on Friday, June 19th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. ELECTRICITE DE/ADR currently has an average rating of Buy and an average price target of $2.75.

OTCMKTS:ECIFY opened at $2.04 on Tuesday. ELECTRICITE DE/ADR has a 1 year low of $1.23 and a 1 year high of $2.97. The stock has a market cap of $31.13 billion, a P/E ratio of 7.85 and a beta of 0.98. The stock has a 50-day simple moving average of $1.78 and a 200-day simple moving average of $1.98.

About ELECTRICITE DE/ADR

Electricité de France SA, an integrated energy company, engages in the generation, transmission, distribution, supply, and trading of energy services in France, the United Kingdom, Italy, and internationally. It generates electricity through nuclear, fossil fuel, hydro, solar, wind, biomass, biogas, tidal, geothermal, and cogeneration plants.

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