Energias de Portugal (OTCMKTS:EDPFY) Hits New 52-Week High – Here’s What Happened

Energias de Portugal (OTCMKTS:EDPFY)’s stock price reached a new 52-week high during mid-day trading on Wednesday. The company traded as high as $56.8860 and last traded at $56.22, with a volume of 16,313 shares changing hands. The stock had previously closed at $54.23.

Analyst Upgrades and Downgrades

Separately, Zacks Research downgraded Energias de Portugal from a “strong-buy” rating to a “hold” rating in a report on Monday, October 19th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy”.

Energias de Portugal Stock Performance

The firm has a fifty day moving average price of $54.39 and a 200 day moving average price of $52.46.

About Energias de Portugal

Energias de Portugal, SA (EDP) is a Portugal-based integrated energy company engaged in electricity generation, transmission and distribution, and energy supply. The company serves residential, commercial and industrial customers and provides electricity and related energy services through regulated networks and competitive retail operations.

EDP has a significant focus on renewable energy, including wind, solar, hydroelectric and other clean-energy generation assets. Through its renewable-energy subsidiary, EDP Renewables, the company develops, owns and operates renewable power projects in multiple markets.