Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) (NYSE:EDN) has been given a consensus broker rating score of 2.00 (Buy) from the two analysts that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation and one has given a strong buy recommendation to the company.

Brokers have set a one year consensus target price of $44.00 for the company, according to Zacks. Zacks has also given Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) an industry rank of 181 out of 265 based on the ratings given to its competitors.

A number of research firms have recently issued reports on EDN. Zacks Investment Research raised Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) from a “sell” rating to a “hold” rating in a research report on Friday. ValuEngine raised Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) from a “buy” rating to a “strong-buy” rating in a research report on Thursday, July 13th. Finally, BidaskClub raised Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) from a “hold” rating to a “buy” rating in a research report on Saturday, August 26th.

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Several institutional investors and hedge funds have recently added to or reduced their stakes in EDN. Newfoundland Capital Management lifted its holdings in Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) by 11.0% during the 2nd quarter. Newfoundland Capital Management now owns 1,034,750 shares of the utilities provider’s stock worth $33,008,000 after purchasing an additional 102,309 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) by 31.9% during the 2nd quarter. Wells Fargo & Company MN now owns 291,653 shares of the utilities provider’s stock worth $9,304,000 after purchasing an additional 70,531 shares during the last quarter. Fiera Capital Corp acquired a new stake in Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) during the 2nd quarter worth approximately $8,737,000. Dorsey Wright & Associates lifted its holdings in Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) by 43.6% during the 3rd quarter. Dorsey Wright & Associates now owns 219,546 shares of the utilities provider’s stock worth $8,966,000 after purchasing an additional 66,699 shares during the last quarter. Finally, Wellington Management Group LLP acquired a new stake in Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) during the 1st quarter worth approximately $4,058,000. 7.56% of the stock is owned by institutional investors.

Empresa Distribuidora Y Comercializadora Norte S.A. (NYSE EDN) traded down $0.06 on Monday, hitting $44.29. The stock had a trading volume of 24,342 shares, compared to its average volume of 59,480. Empresa Distribuidora Y Comercializadora Norte S.A. has a 52 week low of $23.72 and a 52 week high of $45.50. The company has a quick ratio of 0.62, a current ratio of 0.64 and a debt-to-equity ratio of 11.32.

About Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor)

Empresa Distribuidora y Comercializadora Norte SA is a public service company. The Company is engaged in electricity distribution in Argentina. It holds a concession to distribute electricity to the northwestern part of the greater Buenos Aires metropolitan area and in the northern part of the City of Buenos Aires.

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