Energias de Portugal (EDPFY) Raised to “Overweight” at JPMorgan Chase & Co.
Energias de Portugal (OTCMKTS:EDPFY) was upgraded by JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating in a research note issued to investors on Monday, StockTargetPrices.com reports.
Shares of Energias de Portugal (OTCMKTS:EDPFY) traded up 2.08% during mid-day trading on Monday, hitting $31.35. 1,616 shares of the company were exchanged. Energias de Portugal has a 12-month low of $28.30 and a 12-month high of $38.74. The stock’s 50-day moving average price is $33.13 and its 200 day moving average price is $33.35. The stock has a market cap of $11.40 billion, a PE ratio of 12.74 and a beta of 1.07.
About Energias de Portugal
EDP Energias de Portugal SA (EDP) is a Portugal-based integrated utility company. EDP is a generator, distributor and supplier of electricity and gas in Portugal, Brazil, the Iberian Peninsula, and other countries in North America and Europe. EDP operates through five segments: Long Term Contracted Generation in Iberia, Liberalised Activities in Iberia, Regulated Networks in Iberia, EDP Renovaveis and EDP Brasil.
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