Energias de Portugal (EDPFY) Downgraded by Zacks Investment Research

Zacks Investment Research lowered shares of Energias de Portugal (OTCMKTS:EDPFY) from a buy rating to a hold rating in a research note released on Thursday morning.

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. “

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Energias de Portugal stock opened at $37.80 on Thursday. The company has a market capitalization of $13,858.29, a P/E ratio of 12.99, a PEG ratio of 8.62 and a beta of 0.70. Energias de Portugal has a 12-month low of $32.12 and a 12-month high of $40.46. The company has a quick ratio of 1.05, a current ratio of 1.10 and a debt-to-equity ratio of 1.13.

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Energias de Portugal Company Profile

EDP – Energias de Portugal, SA generates, distributes, and supplies electricity in Portugal, Spain, France, Poland, Romania, Brazil, and the United States. It operates through Generation and Supply in Iberia, Regulated Networks in Iberia, EDP Renov├íveis, and EDP Brasil segments. The company primarily generates electricity through water, wind, sun, coal, natural gas, nuclear, and cogeneration sources.

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