Energias de Portugal (EDPFY) Lowered to “Hold” at Zacks Investment Research

Zacks Investment Research downgraded shares of Energias de Portugal (OTCMKTS:EDPFY) from a buy rating to a hold rating in a research report sent to investors on Thursday, March 15th.

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. “

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EDPFY opened at $37.80 on Thursday. The company has a quick ratio of 1.05, a current ratio of 1.10 and a debt-to-equity ratio of 1.13. Energias de Portugal has a 52-week low of $32.12 and a 52-week high of $40.46. The company has a market cap of $13,858.29, a price-to-earnings ratio of 13.49, a price-to-earnings-growth ratio of 8.62 and a beta of 0.70.

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Energias de Portugal Company Profile

EDP – Energias de Portugal, SA generates, distributes, and supplies electricity in Portugal, Spain, France, Poland, Romania, Brazil, and the United States. It operates through Generation and Supply in Iberia, Regulated Networks in Iberia, EDP Renováveis, and EDP Brasil segments. The company primarily generates electricity through water, wind, sun, coal, natural gas, nuclear, and cogeneration sources.

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