Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) (NYSE:EDN) Downgraded by Wall Street Zen to Hold

Key Points

• Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) has been downgraded by Wall Street Zen from a "buy" rating to a "hold" rating.
• The company reported earnings of $1.85 per share for its last quarter, with revenue of $543.69 million.
• As of the article's publication, Edenor shares are trading at $27.02, down by 1.9%.

Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) (NYSE:EDN - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research note issued on Saturday.

Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) Trading Down 1.9%

Shares of NYSE:EDN opened at $27.02 on Friday. Empresa Distribuidora Y Comercializadora Norte S.A. has a 12-month low of $17.13 and a 12-month high of $51.69. The stock has a market cap of $1.22 billion, a PE ratio of 4.32 and a beta of 1.49. The business has a 50 day moving average of $27.52 and a 200-day moving average of $31.49. The company has a quick ratio of 0.71, a current ratio of 0.99 and a debt-to-equity ratio of 0.22.

Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) (NYSE:EDN - Get Free Report) last issued its quarterly earnings results on Monday, August 11th. The utilities provider reported $1.85 earnings per share (EPS) for the quarter. The business had revenue of $543.69 million during the quarter. Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) had a return on equity of 18.04% and a net margin of 11.55%. As a group, equities research analysts forecast that Empresa Distribuidora Y Comercializadora Norte S.A. will post 1.38 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in EDN. Advisors Preferred LLC acquired a new position in Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) during the first quarter valued at approximately $103,000. Jane Street Group LLC acquired a new stake in Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) during the 4th quarter worth about $207,000. NewEdge Advisors LLC acquired a new stake in Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) during the 4th quarter worth about $257,000. Voloridge Investment Management LLC acquired a new stake in Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) during the 4th quarter worth about $258,000. Finally, Jump Financial LLC bought a new position in shares of Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) during the 4th quarter worth about $275,000. 1.64% of the stock is currently owned by institutional investors and hedge funds.

About Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor)

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima is involved in the distribution and sale of electricity in Argentina. The company was incorporated in 1992 and is based in Buenos Aires, Argentina. Empresa Distribuidora y Comercializadora Norte Sociedad Anónima operates as a subsidiary of Empresa de Energía del Cono Sur SA.

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