Energias de Portugal (OTCMKTS:EDPFY) Downgraded by Zacks Investment Research

Zacks Investment Research downgraded shares of Energias de Portugal (OTCMKTS:EDPFY) from a strong-buy rating to a hold rating in a report released on Tuesday, October 3rd.

According to Zacks, “Electricidade de Portugal, S.A. ranks among Europe’s major electricity operators, as well as being one of Portugal’s largest business groups. As a multidisciplinary organisation whose activities extend to such diverse areas as telecommunications and the internet, it presents itself as a natural and competitive participant in other business segments, such as gas, water and the provision of services in the engineering and information systems’ fields. “

Separately, Berenberg Bank lowered shares of Energias de Portugal from a buy rating to a hold rating in a research note on Tuesday, August 29th.

Shares of Energias de Portugal (OTCMKTS:EDPFY) remained flat at $36.91 during midday trading on Tuesday. 149 shares of the company’s stock traded hands. Energias de Portugal has a 52 week low of $28.17 and a 52 week high of $40.46. The firm’s 50 day moving average is $38.04 and its 200-day moving average is $35.60. The firm has a market cap of $13.42 billion, a price-to-earnings ratio of 12.30 and a beta of 0.83.

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About Energias de Portugal

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