Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) (NYSE:EDN) was upgraded by equities researchers at BidaskClub from a “hold” rating to a “buy” rating in a report issued on Saturday.

Several other equities analysts have also commented on the company. Zacks Investment Research raised Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) from a “hold” rating to a “buy” rating and set a $35.00 target price for the company in a report on Wednesday, July 12th. ValuEngine raised Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 13th. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) currently has a consensus rating of “Buy” and a consensus target price of $30.75.

Shares of Empresa Distribuidora Y Comercializadora Norte S.A. (NYSE:EDN) traded down 0.22% during midday trading on Friday, reaching $35.79. The company’s stock had a trading volume of 70,042 shares. Empresa Distribuidora Y Comercializadora Norte S.A. has a 12-month low of $16.40 and a 12-month high of $37.12. The stock’s 50-day moving average price is $31.56 and its 200-day moving average price is $32.67. The company has a market cap of $1.61 billion, a P/E ratio of 77.80 and a beta of 1.87.

COPYRIGHT VIOLATION WARNING: “Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) (EDN) Rating Increased to Buy at BidaskClub” was originally reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this article on another website, it was illegally stolen and republished in violation of U.S. and international copyright law. The legal version of this article can be viewed at https://www.thecerbatgem.com/2017/08/26/empresa-distribuidora-y-comercializadora-norte-s-a-edenor-edn-rating-increased-to-buy-at-bidaskclub.html.

Several institutional investors have recently modified their holdings of the company. Advisor Group Inc. increased its position in shares of Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) by 114.6% in the second quarter. Advisor Group Inc. now owns 6,725 shares of the utilities provider’s stock valued at $214,000 after buying an additional 3,591 shares in the last quarter. Atria Investments LLC acquired a new position in shares of Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) during the second quarter valued at about $235,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) during the first quarter valued at about $304,000. KCG Holdings Inc. acquired a new position in shares of Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) during the first quarter valued at about $388,000. Finally, PointState Capital LP acquired a new position in shares of Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) during the second quarter valued at about $474,000. Institutional investors and hedge funds own 7.58% of the company’s stock.

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.

Receive News & Stock Ratings for Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) and related stocks with our FREE daily email newsletter.