ELECTRICITE DE/ADR (OTCMKTS:ECIFY) Upgraded to Hold at Zacks Investment Research

ELECTRICITE DE/ADR (OTCMKTS:ECIFY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued 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, HSBC upgraded shares of ELECTRICITE DE/ADR from a “hold” rating to a “buy” rating in a research note on Tuesday, July 2nd. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. ELECTRICITE DE/ADR currently has an average rating of “Hold” and a consensus target price of $4.00.

OTCMKTS:ECIFY remained flat at $$2.25 on Thursday. 112,079 shares of the company’s stock traded hands, compared to its average volume of 151,182. ELECTRICITE DE/ADR has a 52-week low of $2.20 and a 52-week high of $3.64. The firm’s 50-day simple moving average is $2.41 and its two-hundred day simple moving average is $2.71.


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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