EDP – Energias de Portugal (OTCMKTS:ELCPF) Shares Climb 0.7% – Should You Buy?

EDP – Energias de Portugal, S.A. (OTCMKTS:ELCPF)’s stock price traded up 0.7% during trading on Tuesday. The stock traded as high as $5.3225 and last traded at $5.3225. 540 shares traded hands during trading, a decline of 97% from the average daily volume of 19,638 shares. The stock had previously closed at $5.2850.

Analyst Ratings Changes

Several research firms recently commented on ELCPF. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of EDP – Energias de Portugal in a research note on Tuesday, August 11th. Citigroup started coverage on EDP – Energias de Portugal in a research report on Thursday, May 28th. They issued a “buy” rating for the company. Finally, The Goldman Sachs Group raised shares of EDP – Energias de Portugal to a “neutral” rating in a research report on Thursday, June 11th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

EDP – Energias de Portugal Stock Down 3.0%

The stock’s 50 day moving average price is $5.13 and its two-hundred day moving average price is $5.09.

About EDP – Energias de Portugal

EDP – Energias de Portugal (OTCMKTS: ELCPF) is a leading European energy company headquartered in Lisbon, Portugal. The firm is engaged in the generation, distribution and supply of electricity and natural gas, operating both conventional power plants and an extensive portfolio of renewable assets. Through its renewables arm, EDP Renováveis, the company develops, constructs and manages wind, solar and hydroelectric projects across multiple continents.

Founded in 1976 following the consolidation of several state-owned utilities, EDP underwent a phased privatization beginning in 1997 and has since expanded its footprint beyond the Iberian Peninsula.