Ørsted A/S (OTCMKTS:DNNGY) Rating Increased to Moderate Buy at Royal Bank Of Canada

Royal Bank Of Canada upgraded shares of Ørsted A/S (OTCMKTS:DNNGY) to a moderate buy rating in a report issued on Tuesday morning,Zacks reports.

Several other research analysts have also commented on DNNGY. Zacks Research upgraded Ørsted A/S to a “hold” rating in a report on Thursday, May 21st. Morgan Stanley raised shares of Ørsted A/S from an “equal weight” rating to an “overweight” rating in a report on Thursday, May 14th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Ørsted A/S presently has an average rating of “Moderate Buy”.

Ørsted A/S Price Performance

OTCMKTS DNNGY opened at $6.93 on Tuesday. The stock’s fifty day moving average is $7.33 and its two-hundred day moving average is $7.82. Ørsted A/S has a fifty-two week low of $5.75 and a fifty-two week high of $33.02.

About Ørsted A/S

Ørsted A/S (OTCMKTS:DNNGY) is a Denmark-based renewable energy company that specializes in the development, construction and operation of offshore wind farms. Formerly known as DONG Energy until its rebranding in 2017 to honor Danish scientist Hans Christian Ørsted, the company has grown into a global leader in offshore wind power and green energy solutions.

The company’s core activities include the full lifecycle management of offshore wind projects, encompassing site identification, engineering, turbine installation and long-term operations and maintenance.