Genel Energy (GEGYY) Cut to “Hold” at Zacks Investment Research

Zacks Investment Research downgraded shares of Genel Energy (NASDAQ:GEGYY) from a buy rating to a hold rating in a research report released on Wednesday morning.

According to Zacks, “Genel Energy PLC is an oil and gas exploration and production company. It reserves and resources located primarily in the Kurdistan Region of Iraq. Genel Energy PLC is headquartered in London. “

Genel Energy (GEGYY) remained flat at $1.50 during mid-day trading on Wednesday. The firm has a 50-day moving average price of $1.23 and a 200 day moving average price of $1.39. Genel Energy has a 12 month low of $1.15 and a 12 month high of $4.04. The stock’s market capitalization is $417.59 million.

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