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

EDP – Energias de Portugal (OTCMKTS:ELCPF) will likely be posting its resultson Wednesday, July 29th. Analysts expect EDP – Energias de Portugal to post earnings of $0.0861 per share and revenue of $4.3135 billion for the quarter.

EDP – Energias de Portugal Stock Performance

OTCMKTS:ELCPF opened at $5.05 on Monday. EDP – Energias de Portugal has a twelve month low of $4.09 and a twelve month high of $5.60. The company has a fifty day moving average of $5.00 and a 200-day moving average of $4.97.

Wall Street Analyst Weigh In

ELCPF has been the subject of a number of research reports. The Goldman Sachs Group upgraded shares of EDP – Energias de Portugal to a “neutral” rating in a report on Thursday, June 11th. Citigroup initiated coverage on shares of EDP – Energias de Portugal in a report on Thursday, May 28th. They set a “buy” rating on the stock. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

EDP – Energias de Portugal Company Profile

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.