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.
COPYRIGHT VIOLATION NOTICE: This news story was first published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this news story on another publication, it was copied illegally and reposted in violation of U.S. & international copyright legislation. The original version of this news story can be viewed at https://www.dispatchtribunal.com/2017/10/14/zacks-investment-research-downgrades-energias-de-portugal-edpfy-to-hold.html.
About Energias de Portugal
Get a free copy of the Zacks research report on Energias de Portugal (EDPFY)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Energias de Portugal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Energias de Portugal and related companies with MarketBeat.com's FREE daily email newsletter.