Energias de Portugal (OTCMKTS:EDPFY) Sets New 1-Year High – Here’s What Happened

Energias de Portugal (OTCMKTS:EDPFY) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $55.50 and last traded at $54.34, with a volume of 7191 shares changing hands. The stock had previously closed at $54.31.

Analysts Set New Price Targets

Separately, Zacks Research downgraded shares of Energias de Portugal from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 16th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Energias de Portugal Stock Performance

The company’s fifty day moving average is $51.42 and its two-hundred day moving average is $48.65. The company has a market cap of $21.70 billion, a price-to-earnings ratio of 70.54 and a beta of 0.59.

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.