Zacks Investment Research downgraded shares of Energias de Portugal (OTCMKTS:EDPFY) from a hold rating to a strong sell rating in a research note 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 downgraded Energias de Portugal from a buy rating to a hold rating in a research note on Tuesday, August 29th.

Shares of Energias de Portugal (EDPFY) opened at $34.60 on Tuesday. The company has a quick ratio of 1.06, a current ratio of 1.10 and a debt-to-equity ratio of 1.18. Energias de Portugal has a 12 month low of $28.17 and a 12 month high of $40.46. The stock has a market capitalization of $12,649.80, a P/E ratio of 12.31, a price-to-earnings-growth ratio of 6.89 and a beta of 0.82.

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Energias de Portugal Company Profile

EDP Energias de Portugal SA is a Portugal-based utility company. Its segments are Long Term Contracted Generation in Iberia, which includes the activity of electricity generation of plants with contractual stability compensation and special regime generation plants in Portugal and Spain; Liberalized Activities in Iberia, which includes the activity of unregulated generation and supply of electricity in Portugal and Spain, and gas in Spain; Regulated Networks in Iberia, which includes the activities of electricity distribution in Portugal and Spain, gas distribution in Spain, and last resort supplier; EDP Renovaveis, which includes power generation activity through renewable energy resources, and EDP Brasil, which includes the activities of electricity generation, distribution and supply in Brazil.

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