Energias de Portugal (OTCMKTS:EDPFY) Shares Pass Above 200 Day Moving Average – Here’s Why

Energias de Portugal (OTCMKTS:EDPFY) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $43.87 and traded as high as $47.5840. Energias de Portugal shares last traded at $47.40, with a volume of 14,801 shares trading hands.

Wall Street Analyst Weigh In

Separately, Zacks Research downgraded Energias de Portugal from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 21st. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

Energias de Portugal Stock Performance

The firm’s 50-day simple moving average is $47.77 and its 200 day simple moving average is $43.97. The company has a market cap of $17.81 billion, a P/E ratio of 21.50 and a beta of 0.65.

Energias de Portugal Company Profile

EDP – Energias de Portugal, SA engages in the generation, transmission, distribution, and supply of electricity in Portugal, Spain, France, Poland, Romania, Italy, Belgium, the United Kingdom, Greece, Colombia, Brazil, North America, and internationally. It operates through Renewables, Networks, and Client Solutions & Energy Management segments.