ENAGAS S A/ADR (OTCMKTS:ENGGY) Shares Pass Above 200-Day Moving Average of $8.59

ENAGAS S A/ADR (OTCMKTS:ENGGY – Get Rating)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $8.59 and traded as high as $9.14. ENAGAS S A/ADR shares last traded at $9.12, with a volume of 22,321 shares traded.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on ENGGY. JPMorgan Chase & Co. downgraded ENAGAS S A/ADR from a “neutral” rating to an “underweight” rating in a research note on Friday, December 16th. Royal Bank of Canada reduced their target price on ENAGAS S A/ADR from €16.00 ($17.20) to €13.00 ($13.98) and set an “underperform” rating for the company in a research note on Friday, December 2nd. Finally, Societe Generale downgraded ENAGAS S A/ADR from a “buy” rating to a “hold” rating in a research note on Monday, January 9th. Three investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. Based on data from MarketBeat, ENAGAS S A/ADR currently has an average rating of “Hold” and an average target price of $16.30.

ENAGAS S A/ADR Stock Up 1.7 %

The business’s 50 day moving average is $8.92 and its two-hundred day moving average is $8.59.

About ENAGAS S A/ADR

(Get Rating)

Enagás, SA engages in the development, operation, and maintenance of gas infrastructures in Spain and internationally. The company provides gas transportation services through gas pipelines; natural gas regasification services; and operates underground storage facilities. It is involved in the operation and technical management of the basic network and secondary transportation network for natural gas.