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

Key Points

• Energias de Portugal's stock reached a new 52-week high at $47.65, closing at $47.51 with a trading volume of 5644 shares.
• Zacks Research downgraded the stock's rating from "strong-buy" to "hold", while the average rating remains at "Moderate Buy".
• The company's fifty-day moving average is $44.52, indicating positive upward momentum in stock performance.

Energias de Portugal (OTCMKTS:EDPFY - Get Free Report) shares hit a new 52-week high on Tuesday . The company traded as high as $47.65 and last traded at $47.51, with a volume of 5644 shares trading hands. The stock had previously closed at $47.30.

Analyst Ratings Changes

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

Energias de Portugal Stock Up 0.4%

The business's fifty day moving average is $44.52 and its two-hundred day moving average is $40.89.

About Energias de Portugal

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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