Energias de Portugal (OTCMKTS:EDPFY – Get Free Report) gapped down prior to trading on Tuesday after Zacks Research downgraded the stock from a strong-buy rating to a hold rating. The stock had previously closed at $55.04, but opened at $52.88. Energias de Portugal shares last traded at $52.97, with a volume of 642 shares traded.
Energias de Portugal Stock Performance
The stock has a 50 day moving average price of $54.24 and a two-hundred day moving average price of $52.84.
About Energias de Portugal
Energias de Portugal, SA (EDP) is a Portugal-based integrated energy company engaged in electricity generation, transmission and distribution, and energy supply. The company serves residential, commercial and industrial customers and provides electricity and related energy services through regulated networks and competitive retail operations.
EDP has a significant focus on renewable energy, including wind, solar, hydroelectric and other clean-energy generation assets. Through its renewable-energy subsidiary, EDP Renewables, the company develops, owns and operates renewable power projects in multiple markets.
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