Citigroup upgraded shares of Energias de Portugal (OTCMKTS:EDPFY – Free Report) to a strong-buy rating in a research report report published on Thursday,Zacks.com reports.
Energias de Portugal Price Performance
Shares of EDPFY stock opened at $51.00 on Thursday. The firm has a 50-day moving average of $52.53 and a 200-day moving average of $49.51. The company has a market cap of $20.12 billion, a P/E ratio of 65.38 and a beta of 0.59. Energias de Portugal has a one year low of $39.61 and a one year high of $56.45.
Energias de Portugal Company Profile
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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