EDF (ECIFY) Raised to “Hold” at Berenberg Bank

Berenberg Bank upgraded shares of EDF (OTCMKTS:ECIFY) from a sell rating to a hold rating in a research note issued to investors on Friday, January 12th, MarketBeat reports.

A number of other equities analysts have also issued reports on the stock. BNP Paribas raised shares of EDF from an underperform rating to a neutral rating in a report on Thursday, November 30th. Zacks Investment Research lowered shares of EDF from a buy rating to a hold rating in a report on Thursday, November 16th. ValuEngine lowered shares of EDF from a buy rating to a hold rating in a report on Tuesday, October 10th. Finally, Jefferies Group raised shares of EDF from a hold rating to a buy rating in a report on Thursday, October 5th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock currently has an average rating of Hold.

Shares of EDF (OTCMKTS ECIFY) traded down $0.08 during mid-day trading on Friday, reaching $2.65. 52,879 shares of the company were exchanged, compared to its average volume of 61,031. EDF has a fifty-two week low of $1.52 and a fifty-two week high of $2.83.

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About EDF

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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