Energias de Portugal (OTCMKTS:EDPFY) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

Energias de Portugal (OTCMKTS:EDPFY) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $46.90 and traded as high as $50.66. Energias de Portugal shares last traded at $50.64, with a volume of 92,581 shares trading hands.

Wall Street Analyst Weigh In

Separately, Zacks Research cut Energias de Portugal from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 16th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy”.

Energias de Portugal Stock Down 1.7%

The company has a fifty day moving average of $48.53 and a two-hundred day moving average of $46.90.

Energias de Portugal Company Profile

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.