Energias de Portugal (OTCMKTS:EDPFY) Hits New 52-Week High - Here's What Happened

Key Points

• Energias de Portugal shares reached a new 52-week high of $47.36, indicating a strong performance in the market with a current trading volume of 2,848 shares.
• Zacks Research has downgraded the stock from a "strong-buy" to a "hold" rating, while analysts maintain a consensus rating of "Moderate Buy" for the company.
• The company operates in the electricity sector across multiple regions, including Portugal, Spain, and North America, and is involved in generation, transmission, and distribution of electricity.

Shares of Energias de Portugal (OTCMKTS:EDPFY - Get Free Report) reached a new 52-week high during trading on Wednesday . The stock traded as high as $47.36 and last traded at $47.36, with a volume of 2848 shares. The stock had previously closed at $46.17.

Analysts Set New Price Targets

Separately, Zacks Research downgraded shares of Energias de Portugal from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 21st. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy".

Energias de Portugal Stock Performance

The firm's 50 day simple moving average is $44.30 and its 200 day simple moving average is $40.48.

Energias de Portugal Company Profile

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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