Galp Energia, SGPS (OTCMKTS:GLPEY) Raised to “Moderate Sell” at Cfra Research

Galp Energia, SGPS (OTCMKTS:GLPEY) was upgraded by equities researchers at Cfra Research to a “moderate sell” rating in a research note issued on Tuesday,Zacks.com reports.

Galp Energia, SGPS Price Performance

Shares of OTCMKTS:GLPEY opened at $7.62 on Tuesday. The firm’s 50 day simple moving average is $8.01 and its two-hundred day simple moving average is $8.41. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.64 and a quick ratio of 1.40. The company has a market capitalization of $10.60 billion, a P/E ratio of 8.11 and a beta of 0.24. Galp Energia, SGPS has a 1-year low of $6.76 and a 1-year high of $11.05.

About Galp Energia, SGPS

Galp Energia, SGPS, SA operates as an integrated energy operator in Portugal and internationally. The company operates through four segments: Upstream, Industrial & Midstream, Commercial, and Renewables and New Business. The Upstream segment engages in the exploration, development, and production of hydrocarbons primarily in Brazil, Mozambique, Namibia, and Angola.