ENGIE BRASIL EN/S (EGIEY) Stock Rating Lowered by JPMorgan Chase & Co.
ENGIE BRASIL EN/S (OTCMKTS:EGIEY) was downgraded by equities researchers at JPMorgan Chase & Co. from a “neutral” rating to an “underweight” rating in a research report issued to clients and investors on Wednesday, The Fly reports.
Shares of EGIEY opened at $9.48 on Wednesday. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.66 and a quick ratio of 0.64. The stock has a market capitalization of $6.19 billion, a PE ratio of 9.88 and a beta of 0.88. ENGIE BRASIL EN/S has a one year low of $9.48 and a one year high of $12.59.
ENGIE BRASIL EN/S (OTCMKTS:EGIEY) last issued its earnings results on Thursday, April 19th. The company reported $0.23 EPS for the quarter. The company had revenue of $575.95 million during the quarter. ENGIE BRASIL EN/S had a return on equity of 29.52% and a net margin of 28.06%.
Engie Brasil Energia SA, together with its subsidiaries, generates and sells electrical energy in Brazil. It operates 31 plants, including 11 hydroelectric power plants; 7 thermal power plants, which comprise 3 coal, 3 biomass, and 1 natural gas power plants; 9 wind farms; 2 photovoltaic solar power plants; and 2 small hydroelectric plants in the states of Rio Grande do Sul, Santa Catarina, Paraná, São Paulo, Minas Gerais, Mato Grosso do Sul, Mato Grosso, Goiás, Tocantins, Maranhão, Piauí, and Ceará.
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