Zacks Investment Research lowered shares of Energias de Portugal (OTCMKTS:EDPFY) from a strong-buy rating to a hold rating in a report published on Tuesday morning.

According to Zacks, “Electricidade de Portugal, S.A. ranks among Europe’s major electricity operators, as well as being one of Portugal’s largest business groups. As a multidisciplinary organisation whose activities extend to such diverse areas as telecommunications and the internet, it presents itself as a natural and competitive participant in other business segments, such as gas, water and the provision of services in the engineering and information systems’ fields. “

Separately, Berenberg Bank cut shares of Energias de Portugal from a buy rating to a hold rating in a report on Tuesday, August 29th.

Shares of Energias de Portugal (OTCMKTS EDPFY) opened at 36.2669 on Tuesday. Energias de Portugal has a one year low of $28.17 and a one year high of $40.46. The firm has a market cap of $13.18 billion, a P/E ratio of 12.0890 and a beta of 0.83. The firm has a 50-day moving average price of $38.31 and a 200 day moving average price of $35.40.

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