Energias de Portugal (OTCMKTS:EDPFY – Get Free Report) shares crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $51.68 and traded as high as $52.42. Energias de Portugal shares last traded at $51.9010, with a volume of 19,662 shares.
Analysts Set New Price Targets
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 assigned a Hold rating to the company. According to MarketBeat, Energias de Portugal presently has an average rating of “Buy”.
Read Our Latest Analysis on Energias de Portugal
Energias de Portugal Price Performance
About Energias de Portugal
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.
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