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

UBS Group lowered shares of Engie Brasil Energia (OTCMKTS:EGIEY) from a hold rating to a strong sell rating in a research report sent to investors on Monday morning,Zacks.com reports.

Engie Brasil Energia Stock Performance

Shares of OTCMKTS EGIEY opened at $6.79 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. Engie Brasil Energia has a one year low of $6.65 and a one year high of $9.62. The business’s 50-day moving average price is $7.47 and its two-hundred day moving average price is $7.97. The company has a market capitalization of $5.54 billion, a P/E ratio of 6.86 and a beta of 0.58.

About Engie Brasil Energia

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.