EDP – Energias de Portugal (ELCPF) Projected to Post Earnings on Wednesday

EDP – Energias de Portugal (OTCMKTS:ELCPF) is projected to issue its resultson Wednesday, July 29th. Analysts expect the company to announce earnings of $0.0861 per share and revenue of $4.3135 billion for the quarter.

EDP – Energias de Portugal Trading Up 0.5%

OTCMKTS:ELCPF opened at $4.93 on Wednesday. The firm’s fifty day moving average price is $4.99 and its 200 day moving average price is $4.95. EDP – Energias de Portugal has a 1-year low of $4.09 and a 1-year high of $5.60.

Analyst Upgrades and Downgrades

Several research firms have recently commented on ELCPF. The Goldman Sachs Group upgraded shares of EDP – Energias de Portugal to a “neutral” rating in a research note on Thursday, June 11th. Citigroup started coverage on shares of EDP – Energias de Portugal in a research note on Thursday, May 28th. They set a “buy” rating on the stock. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy”.

About EDP – Energias de Portugal

EDP – Energias de Portugal (OTCMKTS: ELCPF) is a leading European energy company headquartered in Lisbon, Portugal. The firm is engaged in the generation, distribution and supply of electricity and natural gas, operating both conventional power plants and an extensive portfolio of renewable assets. Through its renewables arm, EDP Renováveis, the company develops, constructs and manages wind, solar and hydroelectric projects across multiple continents.

Founded in 1976 following the consolidation of several state-owned utilities, EDP underwent a phased privatization beginning in 1997 and has since expanded its footprint beyond the Iberian Peninsula.