Zacks Investment Research Lowers Genel Energy (GEGYY) to Hold

Genel Energy (NASDAQ:GEGYY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday.

According to Zacks, “Genel Energy PLC is an oil and gas exploration and production company. It reserves and resources located primarily in the Kurdistan Region of Iraq. Genel Energy PLC is headquartered in London. “

Shares of Genel Energy (GEGYY) traded up 13.64% on Friday, reaching $1.25. 250 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $1.23 and a 200-day moving average price of $1.39. The company’s market cap is $347.99 million. Genel Energy has a 12-month low of $0.92 and a 12-month high of $1.25.

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