Zacks Investment Research downgraded shares of Electricite de France SA (OTCMKTS:ECIFY) from a buy rating to a hold rating in a research report released on Thursday.
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. “
Other equities analysts also recently issued research reports about the stock. Jefferies Group LLC raised shares of Electricite de France SA from a hold rating to a buy rating in a research note on Thursday, October 5th. ValuEngine downgraded shares of Electricite de France SA from a buy rating to a hold rating in a research note on Tuesday, August 1st. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Electricite de France SA has an average rating of Hold.
About Electricite de France SA
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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