EDP – Energias de Portugal (ELCPF) Expected to Release Earnings on Friday

EDP – Energias de Portugal (OTCMKTS:ELCPF) will likely be posting its results after the market closes on Friday, November 6th. Analysts expect the company to post earnings of $0.0961 per share and revenue of $4.77 billion for the quarter.

EDP – Energias de Portugal Price Performance

Shares of OTCMKTS:ELCPF opened at $5.42 on Wednesday. The company’s 50-day moving average price is $5.24 and its two-hundred day moving average price is $5.06. EDP – Energias de Portugal has a one year low of $4.13 and a one year high of $5.60.

Analyst Ratings Changes

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

About EDP – Energias de Portugal

EDP – Energias de Portugal, SA is a Portugal-based integrated energy company engaged in the generation, distribution, and supply of electricity. The company serves residential, commercial, and industrial customers and provides related energy and utility services.

EDP has increasingly focused on renewable energy, including wind, solar, and hydroelectric power. Through its renewable-energy operations, the group develops, owns, and operates clean-energy projects, while its broader activities include electricity networks, retail supply, energy management, and solutions that support the electrification of transportation and other sectors.

Established in 1976 from the consolidation of Portugal’s electricity businesses, EDP was later privatized and expanded internationally.