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

Shares of EDP Renováveis, S.A. (OTCMKTS:EDRVF – Get Rating) have received a consensus rating of “Hold” from the seven research firms that are presently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $21.98.

Several analysts recently commented on the company. The Goldman Sachs Group upgraded EDP Renováveis from a “buy” rating to a “conviction-buy” rating in a research report on Thursday, February 23rd. Citigroup upgraded EDP Renováveis from a “neutral” rating to a “buy” rating in a research report on Friday, March 3rd.

EDP Renováveis Stock Performance

EDP Renováveis stock opened at $21.10 on Friday. EDP Renováveis has a 12 month low of $18.60 and a 12 month high of $27.23. The business has a 50 day simple moving average of $22.17 and a 200-day simple moving average of $22.14.

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.