Energias de Portugal (OTCMKTS:EDPFY) Shares Gap Up – Should You Buy?

Energias de Portugal (OTCMKTS:EDPFYGet Free Report)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $52.29, but opened at $53.97. Energias de Portugal shares last traded at $53.99, with a volume of 2,776 shares traded.

Analysts Set New Price Targets

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

Get Our Latest Analysis on Energias de Portugal

Energias de Portugal Trading Up 2.8%

The stock’s 50 day simple moving average is $51.61 and its 200 day simple moving average is $51.79.

Energias de Portugal Company Profile

(Get Free Report)

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.

Further Reading

Receive News & Ratings for Energias de Portugal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Energias de Portugal and related companies with MarketBeat.com's FREE daily email newsletter.