EDP – Energias de Portugal (ELCPF) Projected to Release Earnings on Wednesday

EDP – Energias de Portugal (OTCMKTS:ELCPF) is expected to be posting its resultson Wednesday, July 29th. Analysts expect EDP – Energias de Portugal to post earnings of $0.0861 per share and revenue of $4.3135 billion for the quarter.

EDP – Energias de Portugal Stock Up 2.5%

ELCPF stock opened at $5.17 on Tuesday. EDP – Energias de Portugal has a one year low of $4.09 and a one year high of $5.60. The firm has a 50-day moving average of $5.01 and a two-hundred day moving average of $4.97.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on ELCPF shares. The Goldman Sachs Group upgraded shares of EDP – Energias de Portugal to a “neutral” rating in a report on Thursday, June 11th. Citigroup initiated coverage on shares of EDP – Energias de Portugal in a research report on Thursday, May 28th. They set a “buy” rating on the stock. 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.com, EDP – Energias de Portugal has an average rating of “Moderate Buy”.

EDP – Energias de Portugal Company Profile

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.