ELECTRICITE DE/ADR (OTCMKTS:ECIFY) Stock Rating Upgraded by Zacks Investment Research

ELECTRICITE DE/ADR (OTCMKTS:ECIFY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Thursday, 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. “

Separately, HSBC upgraded ELECTRICITE DE/ADR from a “hold” rating to a “buy” rating in a research report on Tuesday, July 2nd. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. ELECTRICITE DE/ADR has an average rating of “Hold” and an average target price of $4.00.

Shares of OTCMKTS:ECIFY remained flat at $$2.28 during trading on Thursday. The stock had a trading volume of 58,504 shares, compared to its average volume of 150,691. The business’s 50 day moving average price is $2.39 and its 200 day moving average price is $2.68. ELECTRICITE DE/ADR has a 1 year low of $2.20 and a 1 year high of $3.64.

About ELECTRICITE DE/ADR

Electricité de France SA, an integrated energy company, engages in the generation, transmission, distribution, supply, and trading of power and 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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