Zacks Research downgraded shares of Energias de Portugal (OTCMKTS:EDPFY – Free Report) from a strong-buy rating to a hold rating in a report released on Monday morning,Zacks reports.
Energias de Portugal Price Performance
OTCMKTS EDPFY opened at $53.04 on Monday. Energias de Portugal has a 12-month low of $43.06 and a 12-month high of $56.45. The firm has a 50-day moving average price of $54.23 and a two-hundred day moving average price of $52.85.
About Energias de Portugal
Energias de Portugal, SA (EDP) is a Portugal-based integrated energy company engaged in electricity generation, transmission and distribution, and energy supply. The company serves residential, commercial and industrial customers and provides electricity and related energy services through regulated networks and competitive retail operations.
EDP has a significant focus on renewable energy, including wind, solar, hydroelectric and other clean-energy generation assets. Through its renewable-energy subsidiary, EDP Renewables, the company develops, owns and operates renewable power projects in multiple markets.
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