Shares of Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) (NYSE:EDN) have been assigned a consensus broker rating score of 2.00 (Buy) from the two analysts that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating and one has issued a strong buy rating on the company. Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor)’s rating score has declined by 19.8% in the last three months as a result of various analysts’ upgrades and downgrades.

Brokers have set a twelve-month consensus price objective of $42.50 for the company, according to Zacks. Zacks has also given Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) an industry rank of 62 out of 265 based on the ratings given to related companies.

Several equities analysts have issued reports on the stock. ValuEngine upgraded shares of Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 13th. Zacks Investment Research upgraded shares of Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) from a “hold” rating to a “buy” rating and set a $35.00 price objective for the company in a research note on Wednesday, July 12th. Finally, BidaskClub upgraded shares of Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) from a “sell” rating to a “hold” rating in a research note on Wednesday, June 21st.

Institutional investors have recently added to or reduced their stakes in the stock. Barings LLC bought a new position in Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) during the first quarter valued at about $3,563,000. Newfoundland Capital Management increased its position in Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) by 304.7% in the first quarter. Newfoundland Capital Management now owns 932,441 shares of the utilities provider’s stock valued at $32,412,000 after buying an additional 702,015 shares in the last quarter. Edmond DE Rothschild Holding S.A. bought a new position in Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) during the first quarter valued at about $2,549,000. KCG Holdings Inc. bought a new position in Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) during the first quarter valued at about $388,000. Finally, Renaissance Technologies LLC increased its position in Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) by 39.6% in the first quarter. Renaissance Technologies LLC now owns 15,000 shares of the utilities provider’s stock valued at $522,000 after buying an additional 4,255 shares in the last quarter. Institutional investors own 7.55% of the company’s stock.

Shares of Empresa Distribuidora Y Comercializadora Norte S.A. (NYSE EDN) opened at 35.79 on Monday. Empresa Distribuidora Y Comercializadora Norte S.A. has a 52-week low of $15.84 and a 52-week high of $37.12. The company’s 50-day moving average price is $31.56 and its 200-day moving average price is $32.67. The stock has a market cap of $1.61 billion, a PE ratio of 77.80 and a beta of 1.87.

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Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) Company Profile

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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