Energias de Portugal (OTCMKTS:EDPFY) Share Price Crosses Above 200 Day Moving Average – Time to Sell?

Energias de Portugal (OTCMKTS:EDPFY)’s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $43.38 and traded as high as $50.6550. Energias de Portugal shares last traded at $50.06, with a volume of 4,782 shares traded.

Wall Street Analysts Forecast Growth

Separately, Zacks Research lowered shares of Energias de Portugal from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 21st. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Energias de Portugal has an average rating of “Moderate Buy”.

Energias de Portugal Stock Performance

The business’s 50-day moving average is $47.17 and its 200-day moving average is $43.38.

About Energias de Portugal

EDP – Energias de Portugal, SA engages in the generation, transmission, distribution, and supply of electricity in Portugal, Spain, France, Poland, Romania, Italy, Belgium, the United Kingdom, Greece, Colombia, Brazil, North America, and internationally. It operates through Renewables, Networks, and Client Solutions & Energy Management segments.