Jefferies Group Weighs in on Electricite de France SA’s FY2018 Earnings (OTCMKTS:ECIFY)

Electricite de France SA (OTCMKTS:ECIFY) – Investment analysts at Jefferies Group dropped their FY2018 earnings per share (EPS) estimates for shares of Electricite de France in a report issued on Wednesday, Zacks Investment Research reports. Jefferies Group analyst A. Farman now expects that the company will earn $0.12 per share for the year, down from their previous forecast of $0.15. Jefferies Group currently has a “Buy” rating on the stock. Jefferies Group also issued estimates for Electricite de France’s FY2019 earnings at $0.18 EPS.

Several other analysts have also recently weighed in on the stock. ValuEngine cut shares of Electricite de France from a “buy” rating to a “hold” rating in a research note on Tuesday, October 10th. Zacks Investment Research lowered shares of Electricite de France from a “buy” rating to a “hold” rating in a report on Thursday, November 16th. Finally, BNP Paribas upgraded shares of Electricite de France from an “underperform” rating to a “neutral” rating in a report on Thursday. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of “Hold”.

Electricite de France (ECIFY) traded down $0.02 on Friday, hitting $2.55. 16,159 shares of the company traded hands, compared to its average volume of 44,119. Electricite de France has a 52-week low of $1.52 and a 52-week high of $2.83.

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Electricite de France Company Profile

Electricité de France SA, an integrated energy company, engages in the generation, transmission, distribution, supply, and trading of energies in France and internationally. It generates electricity through nuclear, fossil-fire, hydro, photovoltaic, wind, biomass, biogas, and cogeneration plants. The company also manages low and medium-voltage public distribution network; and operates, maintains, and develops high-voltage and very-high-voltage electricity transmission networks.

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