Energias de Portugal (EDPFY) Expected to Post Quarterly Earnings on Wednesday

Energias de Portugal (OTCMKTS:EDPFY) is projected to announce its resultson Wednesday, July 29th. Analysts expect the company to announce earnings of $0.7870 per share and revenue of $4.3208 billion for the quarter.

Energias de Portugal Stock Up 0.4%

OTCMKTS EDPFY opened at $51.85 on Wednesday. Energias de Portugal has a one year low of $42.31 and a one year high of $56.45. The stock’s 50-day moving average is $51.39 and its 200-day moving average is $51.30.

Wall Street Analyst Weigh In

Separately, Citigroup upgraded shares of Energias de Portugal to a “strong-buy” rating in a report on Thursday, May 28th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Energias de Portugal has a consensus rating of “Buy”.

Energias de Portugal Company Profile

Energias de Portugal, SA (OTCMKTS:EDPFY) is an integrated energy company headquartered in Lisbon, Portugal, with operations spanning electricity generation, distribution, and retail supply. The company manages a diversified portfolio of thermal, hydroelectric, wind and solar power facilities, positioning itself as a prominent player in both conventional and renewable energy markets. In addition to electricity, EDP is active in gas distribution and supply, serving residential, commercial and industrial customers.

Founded in 1976 through the nationalization of Portugal’s power assets, EDP underwent privatization beginning in the mid-1990s and today maintains listings on multiple stock exchanges, including ADRs traded in the United States.