Electricité de France (OTCMKTS:ECIFY) Upgraded to “Buy” by HSBC

HSBC upgraded shares of Electricité de France (OTCMKTS:ECIFY) from a hold rating to a buy rating in a research note released on Monday morning, The Fly reports.

Several other analysts have also recently weighed in on ECIFY. ValuEngine raised shares of Electricité de France from a sell rating to a hold rating in a research note on Saturday, August 1st. Morgan Stanley reissued an overweight rating on shares of Electricité de France in a research note on Tuesday, September 22nd. UBS Group cut shares of Electricité de France from a buy rating to a neutral rating in a research note on Thursday, September 3rd. Finally, Zacks Investment Research raised shares of Electricité de France from a hold rating to a buy rating and set a $2.75 price objective on the stock in a research note on Monday, October 19th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Electricité de France currently has an average rating of Buy and a consensus target price of $2.75.

Shares of Electricité de France stock opened at $2.26 on Monday. Electricité de France has a twelve month low of $1.23 and a twelve month high of $2.97. The stock has a market cap of $35.07 billion, a price-to-earnings ratio of 8.69 and a beta of 0.90. The company’s fifty day moving average is $2.17 and its 200 day moving average is $1.91.

About Electricité de France

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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Analyst Recommendations for Electricité de France (OTCMKTS:ECIFY)

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