Energias de Portugal (OTCMKTS:EDPFY) Reaches New 52-Week High – Here’s Why

Shares of Energias de Portugal (OTCMKTS:EDPFY) hit a new 52-week high on Wednesday. The stock traded as high as $56.8860 and last traded at $56.22, with a volume of 16,313 shares traded. The stock had previously closed at $54.23.

Wall Street Analyst Weigh In

Separately, Zacks Research cut Energias de Portugal from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 19th. One analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Energias de Portugal presently has a consensus rating of “Buy”.

Energias de Portugal Stock Up 3.8%

The business has a fifty day moving average price of $54.32 and a two-hundred day moving average price of $52.38.

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.