EDP – Energias de Portugal (OTCMKTS:ELCPF) Shares Up 0.6% – Time to Buy?

Shares of EDP – Energias de Portugal, S.A. (OTCMKTS:ELCPF) were up 0.6% on Wednesday. The stock traded as high as $5.36 and last traded at $5.30. 3,977 shares changed hands during mid-day trading, a decline of 78% from the average daily volume of 17,751 shares. The stock had previously closed at $5.27.

Analysts Set New Price Targets

Separately, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of EDP – Energias de Portugal in a report on Tuesday, August 11th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

EDP – Energias de Portugal Stock Performance

The stock has a 50-day moving average price of $5.20 and a two-hundred day moving average price of $5.10.

EDP – Energias de Portugal Company Profile

EDP – Energias de Portugal, SA is a Portugal-based integrated energy company engaged in electricity generation, distribution and supply, as well as electricity-related services. The company serves residential, commercial and industrial customers and has increasingly focused its business on renewable and low-carbon energy.

EDP’s generation portfolio includes wind, solar, hydroelectric and other power assets. Through its renewable-energy activities, including EDP Renováveis, the group develops, constructs and operates renewable-power projects in multiple markets.