EDP Renováveis, S.A. (OTCMKTS:EDRVF) Given Consensus Recommendation of “Hold” by Brokerages

EDP Renováveis, S.A. (OTCMKTS:EDRVF – Get Rating) has been assigned a consensus rating of “Hold” from the eight analysts that are currently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $21.98.

EDRVF has been the topic of several research reports. Citigroup upgraded shares of EDP Renováveis from a “neutral” rating to a “buy” rating in a report on Friday. Royal Bank of Canada lowered shares of EDP Renováveis from a “sector perform” rating to an “underperform” rating and set a $19.00 price target on the stock. in a report on Friday, December 2nd. Finally, The Goldman Sachs Group upgraded shares of EDP Renováveis from a “buy” rating to a “conviction-buy” rating in a report on Thursday, February 23rd.

EDP Renováveis Stock Performance

OTCMKTS EDRVF opened at $21.10 on Tuesday. EDP Renováveis has a one year low of $18.60 and a one year high of $27.23. The company’s 50 day moving average price is $22.01 and its 200 day moving average price is $22.50.

EDP Renováveis Company Profile

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EDP Renovaveis SA operates as a renewable energy company, which engages in the development, construction, and operation of wind farms and solar plants. The firm generates energy from renewable sources in several locations. It operates through the following geographical business segments: Europe, North America, and Brazil.