Zacks Investment Research upgraded shares of EDP – Energias de Portugal (OTCMKTS:EDPFY) from a hold rating to a buy rating in a research report report published on Monday morning, Zacks.com reports. The firm currently has $77.00 price objective on the utilities provider’s stock.
According to Zacks, “Electricidade de Portugal, S.A. ranks among Europe’s major electricity operators, as well as being one of Portugal’s largest business groups. As a multidisciplinary organisation whose activities extend to such diverse areas as telecommunications and the internet, it presents itself as a natural and competitive participant in other business segments, such as gas, water and the provision of services in the engineering and information systems’ fields. “
Other research analysts have also recently issued research reports about the stock. Credit Suisse Group restated an outperform rating on shares of EDP – Energias de Portugal in a report on Wednesday, September 16th. Royal Bank of Canada upgraded shares of EDP – Energias de Portugal to a sector perform rating in a report on Monday, September 21st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of Buy and an average price target of $77.00.
About EDP – Energias de Portugal
EDP – Energias de Portugal, SA engages in the generation, transportation, distribution, and supply of electricity in Portugal, Spain, France, Poland, Romania, Brazil, and the United States. It operates through Renewables, Networks, and Client Solutions & Energy Management segments. The company primarily generates electricity through hydro, CCGT, coal, wind, solar, nuclear, and cogeneration sources.
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