Empresa Distribuidora y Cmrz Nrt SA (NYSE:EDN) has earned a consensus recommendation of “Sell” from the six research firms that are currently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a sell recommendation and one has issued a hold recommendation on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $26.50.

Several brokerages recently issued reports on EDN. Zacks Investment Research downgraded shares of Empresa Distribuidora y Cmrz Nrt from a “hold” rating to a “sell” rating in a research report on Tuesday, June 19th. ValuEngine downgraded shares of Empresa Distribuidora y Cmrz Nrt from a “buy” rating to a “hold” rating in a research report on Monday, June 18th. Bank of America downgraded shares of Empresa Distribuidora y Cmrz Nrt from a “neutral” rating to an “underperform” rating in a research report on Friday, September 14th. Finally, TheStreet downgraded shares of Empresa Distribuidora y Cmrz Nrt from a “c-” rating to a “d+” rating in a research report on Friday, June 29th.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Atria Investments LLC lifted its position in Empresa Distribuidora y Cmrz Nrt by 23.6% during the 2nd quarter. Atria Investments LLC now owns 12,113 shares of the utilities provider’s stock valued at $394,000 after purchasing an additional 2,311 shares during the period. CarVal Investors LLC acquired a new position in Empresa Distribuidora y Cmrz Nrt during the 2nd quarter valued at about $292,000. BlackRock Inc. lifted its position in Empresa Distribuidora y Cmrz Nrt by 21.6% during the 2nd quarter. BlackRock Inc. now owns 136,310 shares of the utilities provider’s stock valued at $4,429,000 after purchasing an additional 24,248 shares during the period. Dorsey Wright & Associates lifted its position in Empresa Distribuidora y Cmrz Nrt by 9.6% during the 2nd quarter. Dorsey Wright & Associates now owns 449,567 shares of the utilities provider’s stock valued at $15,908,000 after purchasing an additional 39,328 shares during the period. Finally, Millennium Management LLC lifted its position in Empresa Distribuidora y Cmrz Nrt by 198.1% during the 2nd quarter. Millennium Management LLC now owns 102,133 shares of the utilities provider’s stock valued at $3,318,000 after purchasing an additional 67,871 shares during the period. Institutional investors and hedge funds own 8.79% of the company’s stock.

Shares of EDN traded up $0.90 during trading hours on Tuesday, hitting $23.10. The stock had a trading volume of 34,100 shares, compared to its average volume of 88,123. The company has a debt-to-equity ratio of 8.62, a quick ratio of 0.83 and a current ratio of 0.87. Empresa Distribuidora y Cmrz Nrt has a 52 week low of $19.05 and a 52 week high of $63.29. The firm has a market cap of $1.12 billion, a price-to-earnings ratio of -23.39 and a beta of 1.22.

Empresa Distribuidora y Cmrz Nrt (NYSE:EDN) last posted its earnings results on Friday, August 10th. The utilities provider reported ($0.18) earnings per share for the quarter. Empresa Distribuidora y Cmrz Nrt had a return on equity of 104.96% and a net margin of 4.64%. The firm had revenue of $444.02 million during the quarter. As a group, sell-side analysts anticipate that Empresa Distribuidora y Cmrz Nrt will post 1.87 EPS for the current fiscal year.

Empresa Distribuidora y Cmrz Nrt Company Profile

Empresa Distribuidora y Comercializadora Norte Sociedad AnĂ³nima, a public service company, engages in the distribution and sale of electricity in Argentina. It serves approximately 8.5 million people in the northwestern part of the greater Buenos Aires metropolitan area and the northern part of the City of Buenos Aires through the concession of 4,637 square kilometers.

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