Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor)'s (EDN) "Sell (D+)" Rating Reiterated at Weiss Ratings

Key Points

• The stock rating for Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) was reiterated as a "Sell (D+)" by Weiss Ratings in a recent research report.
• Edenor's stock price is currently at $16.60, with a 52-week range between $14.38 and $51.69.
• Revenue for the last quarter was reported at $543.69 million, with earnings per share (EPS) of $1.85.

Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) (NYSE:EDN - Get Free Report)'s stock had its "sell (d+)" rating restated by research analysts at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

Several other analysts have also recently weighed in on the company. Wall Street Zen cut Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) from a "buy" rating to a "hold" rating in a report on Saturday, August 16th. Morgan Stanley restated an "equal weight" rating and set a $36.00 price target on shares of Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) in a report on Wednesday, August 20th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Reduce" and a consensus target price of $36.00.

Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) Price Performance

Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) stock traded up $1.22 during midday trading on Wednesday, reaching $16.60. The company's stock had a trading volume of 160,222 shares, compared to its average volume of 187,545. Empresa Distribuidora Y Comercializadora Norte S.A. has a 52 week low of $14.38 and a 52 week high of $51.69. The company has a current ratio of 0.99, a quick ratio of 0.82 and a debt-to-equity ratio of 0.22. The business has a 50-day moving average price of $21.45 and a 200-day moving average price of $27.02. The stock has a market cap of $752.31 million, a PE ratio of 2.65 and a beta of 1.53.

Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) (NYSE:EDN - Get Free Report) last released its earnings results on Monday, August 11th. The utilities provider reported $1.85 earnings per share (EPS) for 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%.The firm had revenue of $543.69 million for the quarter. On average, sell-side analysts predict that Empresa Distribuidora Y Comercializadora Norte S.A. will post 1.38 EPS for the current year.

Institutional Trading of Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor)

Several institutional investors have recently added to or reduced their stakes in EDN. Advisors Preferred LLC bought a new stake in Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) in the first quarter valued at approximately $103,000. Jump Financial LLC bought a new stake in Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) in the second quarter valued at approximately $320,000. Bank of America Corp DE boosted its holdings in Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) by 135.4% in the fourth quarter. Bank of America Corp DE now owns 7,481 shares of the utilities provider's stock valued at $321,000 after acquiring an additional 4,303 shares during the last quarter. Walleye Capital LLC bought a new stake in Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) in the first quarter valued at approximately $373,000. Finally, Two Sigma Investments LP bought a new stake in Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) in the fourth quarter valued at approximately $386,000. 1.64% of the stock is currently owned by institutional investors.

Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) Company Profile

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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