Engie Brasil Energia (OTCMKTS:EGIEY) Downgraded to Strong Sell Rating by UBS Group

Engie Brasil Energia (OTCMKTS:EGIEY) was downgraded by equities researchers at UBS Group from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Engie Brasil Energia Stock Down 1.8 %

Shares of EGIEY opened at $6.65 on Monday. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.19 and a quick ratio of 1.19. The company’s fifty day moving average price is $7.50 and its 200-day moving average price is $7.98. Engie Brasil Energia has a 1-year low of $6.65 and a 1-year high of $9.62.

Engie Brasil Energia Company Profile

Engie Brasil Energia SA, together with its subsidiaries, generates, sells, and trades in electrical energy in Brazil. The company operates 76 plants, including 11 hydroelectric power plants; 1 thermal power plants; 50 wind farms; 3 biomass; 9 photovoltaic and solar power plant; and 2 small hydroelectric plants.