EDP Renováveis (OTCMKTS:EDRVF) Stock Rating Lowered by JPMorgan Chase & Co.

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JPMorgan Chase & Co. lowered shares of EDP Renováveis (OTCMKTS:EDRVF) from an overweight rating to a neutral rating in a research report report published on Monday morning, The Fly reports.

Several other equities analysts have also recently weighed in on the company. Societe Generale cut EDP Renováveis from a buy rating to a hold rating in a research note on Monday, November 2nd. Barclays reaffirmed an equal weight rating on shares of EDP Renováveis in a research note on Monday, December 7th. Finally, Royal Bank of Canada cut EDP Renováveis from an outperform rating to a sector perform rating in a research note on Monday, November 23rd. Six analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of Hold.

OTCMKTS:EDRVF opened at $28.52 on Monday. EDP Renováveis has a fifty-two week low of $9.38 and a fifty-two week high of $29.35. The stock’s 50-day moving average is $24.39 and its two-hundred day moving average is $18.84.

About EDP Renováveis

EDP Renováveis, SA, a renewable energy company, plans, constructs, operates, and maintains electricity generating power stations. The company operates wind and solar farms. As of December 31, 2019, it had an installed capacity of 4,553 megawatts in Europe; 6,342 megawatts in North America; and 467 megawatts in Brazil.

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Analyst Recommendations for EDP Renováveis (OTCMKTS:EDRVF)

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