Zacks Investment Research Downgrades ELECTRICITE DE/ADR (ECIFY) to Sell

ELECTRICITE DE/ADR (OTCMKTS:ECIFY) was downgraded by Zacks Investment Research from a “buy” rating to a “sell” rating in a report issued on Wednesday.

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, BNP Paribas raised shares of ELECTRICITE DE/ADR from an “underperform” rating to a “neutral” rating in a research report on Friday, September 21st.

Shares of ECIFY stock opened at $3.25 on Wednesday. ELECTRICITE DE/ADR has a one year low of $2.34 and a one year high of $3.64. The company has a market cap of $47.64 billion, a P/E ratio of 13.54 and a beta of 1.19.

ELECTRICITE DE/ADR Company Profile

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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