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Energias de Portugal (OTCMKTS:EDPFY) Hits New 1-Year High - Should You Buy?

Energias de Portugal logo with Utilities background

Key Points

  • Energias de Portugal reached a new 52-week high of $50.49 during trading, closing at $50.48 with a trading volume of 21,807 shares.
  • Zacks Research downgraded the company's rating from a "strong-buy" to a "hold", with a current consensus rating of "Moderate Buy" among analysts.
  • The company operates in the electricity sector across various countries, including Portugal, Spain, France, and others, with a focus on renewables and energy management.
  • Five stocks we like better than Energias de Portugal.

Energias de Portugal (OTCMKTS:EDPFY - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $50.49 and last traded at $50.48, with a volume of 21807 shares trading hands. The stock had previously closed at $50.43.

Analysts Set New Price Targets

Separately, Zacks Research lowered shares of Energias de Portugal from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 21st. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Energias de Portugal currently has a consensus rating of "Moderate Buy".

Read Our Latest Stock Report on EDPFY

Energias de Portugal Stock Performance

The stock's 50 day moving average is $45.67 and its 200 day moving average is $42.04.

Energias de Portugal Company Profile

(Get Free Report)

EDP - Energias de Portugal, SA engages in the generation, transmission, distribution, and supply of electricity in Portugal, Spain, France, Poland, Romania, Italy, Belgium, the United Kingdom, Greece, Colombia, Brazil, North America, and internationally. It operates through Renewables, Networks, and Client Solutions & Energy Management segments.

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