Energias de Portugal (OTCMKTS:EDPFY) Reaches New 12-Month High – Should You Buy?

Energias de Portugal (OTCMKTS:EDPFY) reached a new 52-week high during trading on Wednesday . The company traded as high as $53.77 and last traded at $53.77, with a volume of 688 shares changing hands. The stock had previously closed at $51.2860.

Wall Street Analyst Weigh In

Separately, Zacks Research lowered Energias de Portugal from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 16th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, Energias de Portugal presently has an average rating of “Moderate Buy”.

Energias de Portugal Stock Up 2.1%

The company’s fifty day simple moving average is $50.96 and its two-hundred day simple moving average is $48.29. The company has a market capitalization of $21.21 billion, a price-to-earnings ratio of 45.18 and a beta of 0.59.

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.