EDP – Energias de Portugal (OTCMKTS:EDPFY) Upgraded by Barclays to “Overweight”

Barclays upgraded shares of EDP – Energias de Portugal (OTCMKTS:EDPFYGet Rating) from an equal weight rating to an overweight rating in a research note issued to investors on Tuesday, The Fly reports.

Other research analysts also recently issued research reports about the company. Societe Generale raised their price objective on EDP – Energias de Portugal from €5.12 ($5.22) to €6.10 ($6.22) in a research note on Monday. Credit Suisse Group lifted their target price on EDP – Energias de Portugal from €5.50 ($5.61) to €5.70 ($5.82) and gave the company an outperform rating in a research note on Friday, June 10th. Seven research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of Buy and an average target price of $5.60.

EDP – Energias de Portugal Trading Down 1.7 %

OTCMKTS EDPFY opened at $48.80 on Tuesday. The stock’s 50-day moving average price is $49.67 and its 200-day moving average price is $48.76. The company has a quick ratio of 1.14, a current ratio of 1.19 and a debt-to-equity ratio of 1.09. EDP – Energias de Portugal has a 52 week low of $42.56 and a 52 week high of $58.64.

EDP – Energias de Portugal (OTCMKTS:EDPFYGet Rating) last posted its quarterly earnings data on Friday, July 29th. The utilities provider reported $1.03 EPS for the quarter. The company had revenue of $4.97 billion during the quarter. Equities research analysts predict that EDP – Energias de Portugal will post 2.11 EPS for the current year.

EDP – Energias de Portugal Company Profile

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EDP – Energias de Portugal, SA engages in the production, transmission, distribution, and commercialization of electricity in Portugal, Spain, France, Poland, Romania, Italy, Belgium, the United Kingdom, Greece, Brazil, North America, and internationally. The company operates through Renewables, Networks, and Client Solutions & Energy Management segments.

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Analyst Recommendations for EDP - Energias de Portugal (OTCMKTS:EDPFY)

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