Energias de Portugal (OTCMKTS:EDPFY) Reaches New 1-Year High – Should You Buy?

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

Wall Street Analysts Forecast Growth

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

Energias de Portugal Price Performance

The company has a 50-day moving average price of $54.32 and a 200 day moving average price of $52.38.

Energias de Portugal Company Profile

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.