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

Zacks Investment Research downgraded shares of ELECTRICITE DE/ADR (OTCMKTS:ECIFY) from a buy rating to a hold rating in a report published 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, ValuEngine raised shares of ELECTRICITE DE/ADR from a hold rating to a buy rating in a research note on Wednesday, September 4th.

ELECTRICITE DE/ADR stock opened at $2.02 on Thursday. The company has a market cap of $30.05 billion, a price-to-earnings ratio of 40.30 and a beta of 0.82. The firm’s fifty day moving average is $1.99 and its 200 day moving average is $2.33. ELECTRICITE DE/ADR has a 52-week low of $1.92 and a 52-week high of $3.39.

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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