Original article by: Sports Perspectives
Energias de Portugal (OTCMKTS:EDPFY) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a note issued to investors on Friday. The brokerage presently has a $42.00 price objective on the utilities provider’s stock. Zacks Investment Research‘s price objective would indicate a potential upside of 13.27% from the stock’s previous close.
According to Zacks, “Electricidade de Portugal, S.A. ranks among Europe’s major electricity operators, as well as being one of Portugal’s largest business groups. As a multidisciplinary organisation whose activities extend to such diverse areas as telecommunications and the internet, it presents itself as a natural and competitive participant in other business segments, such as gas, water and the provision of services in the engineering and information systems’ fields. “
Separately, ValuEngine upgraded Energias de Portugal from a “hold” rating to a “buy” rating in a report on Friday, June 2nd.
Energias de Portugal (OTCMKTS EDPFY) traded up 1.140% during mid-day trading on Friday, reaching $37.078. The company had a trading volume of 919 shares. The stock’s 50-day moving average is $33.97 and its 200 day moving average is $32.81. Energias de Portugal has a 12 month low of $28.17 and a 12 month high of $37.18. The firm has a market capitalization of $13.48 billion, a P/E ratio of 12.569 and a beta of 0.90.