Berenberg Bank upgraded shares of EDP Renovaveis (OTCMKTS:EDRVF) from a hold rating to a buy rating in a research report report published on Tuesday, The Fly reports.
Separately, Societe Generale raised EDP Renovaveis from a hold rating to a buy rating in a research note on Wednesday, May 27th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The company presently has an average rating of Buy.
EDRVF stock opened at $14.98 on Tuesday. The company has a 50 day moving average price of $13.32 and a 200 day moving average price of $12.25. EDP Renovaveis has a fifty-two week low of $9.38 and a fifty-two week high of $14.98.
EDP Renováveis, SA, a renewable energy company, plans, constructs, and maintains electricity production facilities primarily in Spain. The company operates wind farms and solar plants to generate and deliver clean electricity. It also has operations in Portugal, Belgium, France, Italy, the Netherlands, Poland, Romania, the United Kingdom, Greece, the United States, Canada, Mexico, and Brazil.
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