Energias de Portugal (OTCMKTS:EDPFY) Shares Gap Up – Time to Buy?

Shares of Energias de Portugal (OTCMKTS:EDPFY) gapped up prior to trading on Friday . The stock had previously closed at $49.6095, but opened at $51.39. Energias de Portugal shares last traded at $51.39, with a volume of 563 shares traded.

Wall Street Analysts Forecast Growth

Separately, Citigroup upgraded Energias de Portugal to a “strong-buy” rating in a research note on Thursday, May 28th. One analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy”.

Energias de Portugal Trading Down 2.1%

The company has a market capitalization of $19.79 billion, a P/E ratio of 64.32 and a beta of 0.57. The company’s fifty day moving average is $51.84 and its 200 day moving average is $50.46.

About Energias de Portugal

Energias de Portugal, SA (OTCMKTS:EDPFY) is an integrated energy company headquartered in Lisbon, Portugal, with operations spanning electricity generation, distribution, and retail supply. The company manages a diversified portfolio of thermal, hydroelectric, wind and solar power facilities, positioning itself as a prominent player in both conventional and renewable energy markets. In addition to electricity, EDP is active in gas distribution and supply, serving residential, commercial and industrial customers.

Founded in 1976 through the nationalization of Portugal’s power assets, EDP underwent privatization beginning in the mid-1990s and today maintains listings on multiple stock exchanges, including ADRs traded in the United States.