Energias de Portugal (OTCMKTS:EDPFY) Reaches New 12-Month High - Should You Buy?

Key Points

• 52-week high: Energias de Portugal reached a new 52-week high, trading as high as $55.50 and last at $54.34 on Tuesday with a volume of 7,191 shares.
• Analyst action: Zacks Research downgraded the stock from "strong-buy" to "hold" on Dec. 16, and the consensus sits at one Buy and one Hold with an average rating of "Moderate Buy."
• Fundamentals: The company has a $21.44 billion market cap, a P/E of 45.66 and beta of 0.59, with 50-day and 200-day moving averages of $51.32 and $48.53; EDP operates a diversified portfolio of thermal, hydro, wind and solar power plus gas distribution.

Energias de Portugal (OTCMKTS:EDPFY - Get Free Report)'s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as $55.50 and last traded at $54.34, with a volume of 7191 shares. The stock had previously closed at $54.31.

Wall Street Analysts Forecast Growth

Separately, Zacks Research cut shares of Energias de Portugal from a "strong-buy" rating to a "hold" rating in a report on Tuesday, December 16th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy".

Energias de Portugal Stock Up 0.1%

The stock has a market cap of $21.44 billion, a price-to-earnings ratio of 45.66 and a beta of 0.59. The stock's fifty day moving average is $51.32 and its 200-day moving average is $48.53.

About Energias de Portugal

Energias de Portugal, SA OTCMKTS: EDPFY is an integrated energy company headquartered in Lisbon, Portugal, with operations spanning electricity generation, distribution, and retail supply. The company manages a diversified portfolio of thermal, hydroelectric, wind and solar power facilities, positioning itself as a prominent player in both conventional and renewable energy markets. In addition to electricity, EDP is active in gas distribution and supply, serving residential, commercial and industrial customers.

Founded in 1976 through the nationalization of Portugal's power assets, EDP underwent privatization beginning in the mid-1990s and today maintains listings on multiple stock exchanges, including ADRs traded in the United States.

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