Energias de Portugal (OTCMKTS:EDPFY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Wednesday, March 14th. The brokerage presently has a $43.00 price objective on the utilities provider’s stock. Zacks Investment Research‘s price target suggests a potential upside of 13.76% from the company’s current price.
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. “
Shares of OTCMKTS:EDPFY traded down $0.10 during trading on Wednesday, reaching $37.80. The stock had a trading volume of 12,965 shares, compared to its average volume of 2,486. The company has a current ratio of 1.10, a quick ratio of 1.05 and a debt-to-equity ratio of 1.13. The stock has a market capitalization of $13,821.72, a P/E ratio of 13.45, a price-to-earnings-growth ratio of 8.60 and a beta of 0.70. Energias de Portugal has a 52 week low of $32.12 and a 52 week high of $40.46.
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About Energias de Portugal
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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