Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) (NYSE:EDN) has earned an average broker rating score of 2.00 (Buy) from the two analysts that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation and one has given a strong buy recommendation to the company. Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor)’s rating score has declined by 19.8% from 90 days ago as a result of various analysts’ upgrades and downgrades.

Brokers have set a 12-month consensus target price of $42.50 for the company, according to Zacks. Zacks has also assigned Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) an industry rank of 109 out of 265 based on the ratings given to related companies.

EDN has been the subject of a number of research reports. ValuEngine raised Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) from a “buy” rating to a “strong-buy” rating in a research report on Thursday, July 13th. Zacks Investment Research upgraded Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) from a “hold” rating to a “buy” rating and set a $35.00 price target on the stock in a research note on Wednesday, July 12th. Finally, BidaskClub upgraded Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) from a “sell” rating to a “hold” rating in a research note on Wednesday, June 21st.

A number of institutional investors have recently modified their holdings of EDN. Banco BTG Pactual S.A. bought a new stake in shares of Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) during the first quarter worth approximately $549,000. Goldman Sachs Group Inc. raised its stake in Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) by 0.8% in the first quarter. Goldman Sachs Group Inc. now owns 104,819 shares of the utilities provider’s stock worth $3,648,000 after buying an additional 803 shares during the last quarter. Mckinley Capital Management LLC Delaware raised its stake in Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) by 64.2% in the first quarter. Mckinley Capital Management LLC Delaware now owns 40,584 shares of the utilities provider’s stock worth $1,412,000 after buying an additional 15,861 shares during the last quarter. Wells Fargo & Company MN raised its stake in Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) by 21.9% in the first quarter. Wells Fargo & Company MN now owns 221,122 shares of the utilities provider’s stock worth $7,695,000 after buying an additional 39,766 shares during the last quarter. Finally, UBS Asset Management Americas Inc. raised its stake in Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) by 77.9% in the fourth quarter. UBS Asset Management Americas Inc. now owns 37,361 shares of the utilities provider’s stock worth $1,041,000 after buying an additional 16,362 shares during the last quarter. 7.55% of the stock is owned by hedge funds and other institutional investors.

Shares of Empresa Distribuidora Y Comercializadora Norte S.A. (NYSE EDN) traded down 0.26% on Monday, reaching $35.20. 14,634 shares of the company’s stock were exchanged. The company has a market cap of $1.58 billion, a price-to-earnings ratio of 76.52 and a beta of 1.87. Empresa Distribuidora Y Comercializadora Norte S.A. has a 12 month low of $15.84 and a 12 month high of $37.12. The firm’s 50-day moving average price is $31.56 and its 200 day moving average price is $32.67.

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About Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor)

Empresa Distribuidora y Comercializadora Norte SA is a public service company. The Company is engaged in electricity distribution in Argentina. It holds a concession to distribute electricity to the northwestern part of the greater Buenos Aires metropolitan area and in the northern part of the City of Buenos Aires.

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