TheStreet Upgrades Empresa Distribuidora y Cmrz Nrt (NYSE:EDN) to “C-“

Empresa Distribuidora y Cmrz Nrt (NYSE:EDN) was upgraded by equities research analysts at TheStreet from a “d+” rating to a “c-” rating in a note issued to investors on Friday, TheStreetRatingsTable reports.

A number of other analysts have also commented on EDN. Zacks Investment Research lowered Empresa Distribuidora y Cmrz Nrt from a “buy” rating to a “hold” rating in a report on Tuesday, June 9th. ValuEngine lowered Empresa Distribuidora y Cmrz Nrt from a “hold” rating to a “sell” rating in a report on Thursday, April 2nd.

Shares of NYSE:EDN opened at $4.18 on Friday. The stock has a market cap of $180.79 million, a price-to-earnings 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 has a 12-month low of $2.54 and a 12-month high of $21.92. The business’s 50 day moving average is $3.79 and its 200 day moving average is $4.38.

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. The company had revenue of $334.66 million for the quarter. Empresa Distribuidora y Cmrz Nrt had a return on equity of 22.83% and a net margin of 15.28%. As a group, equities research analysts expect that Empresa Distribuidora y Cmrz Nrt will post -3.42 earnings per share for the current year.

A hedge fund recently bought a new stake in Empresa Distribuidora y Cmrz Nrt stock. Renaissance Technologies LLC bought a new stake in Empresa Distribuidora y Cmrz Nrt SA (NYSE:EDN) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 24,564 shares of the utilities provider’s stock, valued at approximately $154,000. Renaissance Technologies LLC owned 0.05% of Empresa Distribuidora y Cmrz Nrt at the end of the most recent reporting period. Institutional investors own 1.59% of the company’s stock.

About Empresa Distribuidora y Cmrz Nrt

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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