Energias de Portugal (OTCMKTS:EDPFY – Get Free Report) was upgraded by analysts at Citigroup to a “strong-buy” rating in a report released on Thursday,Zacks.com reports.
Energias de Portugal Trading Down 1.0%
Shares of OTCMKTS EDPFY opened at $51.00 on Thursday. Energias de Portugal has a 12-month low of $39.61 and a 12-month high of $56.45. The stock has a market cap of $20.12 billion, a PE ratio of 65.38 and a beta of 0.59. The company has a 50-day moving average of $52.53 and a 200 day moving average of $49.51.
About Energias de Portugal
Energias de Portugal, SA (OTCMKTS:EDPFY) is an integrated energy company headquartered in Lisbon, Portugal, with operations spanning electricity generation, distribution, and retail supply. The company manages a diversified portfolio of thermal, hydroelectric, wind and solar power facilities, positioning itself as a prominent player in both conventional and renewable energy markets. In addition to electricity, EDP is active in gas distribution and supply, serving residential, commercial and industrial customers.
Founded in 1976 through the nationalization of Portugal’s power assets, EDP underwent privatization beginning in the mid-1990s and today maintains listings on multiple stock exchanges, including ADRs traded in the United States.
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