TheStreet upgraded shares of Empresa Distribuidora y Cmrz Nrt (NYSE:EDN) from a d+ rating to a c- rating in a report issued on Friday, TheStreetRatingsTable reports.
Several other analysts have also issued reports on the stock. ValuEngine lowered shares of Empresa Distribuidora y Cmrz Nrt from a hold rating to a sell rating in a research report on Thursday, April 2nd. Zacks Investment Research downgraded shares of Empresa Distribuidora y Cmrz Nrt from a buy rating to a hold rating in a research note on Tuesday, June 9th.
Shares of NYSE:EDN opened at $4.18 on Friday. The company’s 50 day moving average price is $3.79 and its two-hundred day moving average price is $4.38. Empresa Distribuidora y Cmrz Nrt has a 12-month low of $2.54 and a 12-month high of $21.92. The firm has a market cap of $180.79 million, a PE ratio of 0.72 and a beta of 0.93. The company has a quick ratio of 0.74, a current ratio of 0.81 and a debt-to-equity ratio of 0.14.
Empresa Distribuidora y Cmrz Nrt (NYSE:EDN) last announced its earnings results on Tuesday, May 12th. The utilities provider reported $0.27 earnings per share (EPS) for the quarter. Empresa Distribuidora y Cmrz Nrt had a net margin of 15.28% and a return on equity of 22.83%. The firm had revenue of $334.66 million for the quarter. On average, research analysts expect that Empresa Distribuidora y Cmrz Nrt will post -3.42 EPS for the current year.
An institutional investor recently raised its position in Empresa Distribuidora y Cmrz Nrt stock. Acadian Asset Management LLC grew its holdings in shares of Empresa Distribuidora y Cmrz Nrt SA (NYSE:EDN) by 69.1% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 54,742 shares of the utilities provider’s stock after acquiring an additional 22,360 shares during the period. Acadian Asset Management LLC owned about 0.12% of Empresa Distribuidora y Cmrz Nrt worth $177,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 1.59% of the company’s stock.
Empresa Distribuidora y Cmrz Nrt Company Profile
Empresa Distribuidora y Comercializadora Norte Sociedad Anónima, a public service company, engages in the distribution and sale of electricity in Argentina. It serves approximately 8.5 million people in the northwestern part of the greater Buenos Aires metropolitan area and the northern part of the City of Buenos Aires through the concession of 4,637 square kilometers.
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