Enagas SA Unsponsored ADR (OTCMKTS:ENGGY) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Monday.

According to Zacks, “Enagas SA engages in the business of gas transmission business. Its operating segment consists of Infrastructure Activity, Technical System Operator Activity and Unregulated Activities. Infrastructure Activity segment refers to activities such as gas transport which is the movement of gas through the Group’s transport network, composed of gas pipelines for the primary and secondary transport of gas to distribution points, regasification which refers to the unloading of gas where is it stored in cryogenic tanks and the storage which is the operation of underground storage facilities. Technical system Operator Activity segment is the development of functions ensuring the continuity and security of supply, as well as good coordination between the access, storage, transportation and distribution points. Unregulated Activities segment refers to all deregulated and transactions related to Group associates. Enagas SA is headquartered in Madrid, Spain. “

Separately, Deutsche Bank AG downgraded shares of Enagas SA Unsponsored ADR from a “buy” rating to a “hold” rating in a research note on Wednesday, July 5th.

Enagas SA Unsponsored ADR (OTCMKTS ENGGY) traded down 1.91% during midday trading on Monday, hitting $13.88. The stock had a trading volume of 14,525 shares. The stock has a 50-day moving average price of $14.49 and a 200 day moving average price of $13.86. Enagas SA Unsponsored ADR has a 12-month low of $11.98 and a 12-month high of $15.09. The firm has a market cap of $6.62 billion and a P/E ratio of 11.66.

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About Enagas SA Unsponsored ADR

Enagás, SA engages in the natural gas transportation, storage, and regasification business in Spain and internationally. The company operates through Infrastructure, Technical System Management, and Unregulated Activities segments. The Infrastructure segment provides gas transportation services through gas pipelines for the primary and secondary transport of gas to distribution points; and natural gas regasification services, as well as operates underground storage facilities.

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