EDP-Energias de Portugal, S.A (OTCMKTS:EDPFY) Upgraded to Buy at Berenberg Bank

Berenberg Bank upgraded shares of EDP-Energias de Portugal, S.A (OTCMKTS:EDPFY) from a hold rating to a buy rating in a report issued on Tuesday, The Fly reports.

Other research analysts have also recently issued reports about the company. Zacks Investment Research raised EDP-Energias de Portugal, S.A from a hold rating to a buy rating and set a $52.00 target price on the stock in a research report on Wednesday, May 27th. ValuEngine downgraded EDP-Energias de Portugal, S.A from a hold rating to a sell rating in a research note on Thursday, July 2nd. Finally, Societe Generale cut shares of EDP-Energias de Portugal, S.A from a buy rating to a hold rating in a research note on Wednesday, May 27th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of Buy and an average target price of $52.00.

Shares of EDPFY opened at $52.01 on Tuesday. The firm has a 50 day moving average of $47.79 and a 200 day moving average of $45.10. The company has a quick ratio of 0.86, a current ratio of 0.90 and a debt-to-equity ratio of 1.02. EDP-Energias de Portugal, S.A has a twelve month low of $32.95 and a twelve month high of $53.55. The company has a market capitalization of $18.99 billion, a P/E ratio of 31.33, a price-to-earnings-growth ratio of 6.39 and a beta of 0.59.

EDP-Energias de Portugal, S.A (OTCMKTS:EDPFY) last posted its earnings results on Thursday, May 7th. The utilities provider reported $0.44 earnings per share (EPS) for the quarter. The business had revenue of $3.86 billion for the quarter. EDP-Energias de Portugal, S.A had a net margin of 3.96% and a return on equity of 4.48%. On average, sell-side analysts expect that EDP-Energias de Portugal, S.A will post 2.88 EPS for the current year.

About EDP-Energias de Portugal, S.A

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 hydro, CCGT, coal, mini-hydro, wind, solar, nuclear, and cogeneration sources.

Featured Article: How the Consumer Price Index (CPI) is calculated?

The Fly

Receive News & Ratings for EDP-Energias de Portugal S.A Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EDP-Energias de Portugal S.A and related companies with MarketBeat.com's FREE daily email newsletter.