Energias de Portugal (OTCMKTS:EDPFY) Shares Cross Above 200-Day Moving Average – Here’s What Happened

by · The Markets Daily

Energias de Portugal (OTCMKTS:EDPFY – Get Free Report) passed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $52.35 and traded as high as $54.78. Energias de Portugal shares last traded at $54.12, with a volume of 19,269 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Citigroup upgraded Energias de Portugal to a “strong-buy” rating in a research note on Thursday, May 28th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy”.

Get Our Latest Report on EDPFY

Energias de Portugal Stock Up 1.4%

The firm’s 50 day moving average price is $53.33 and its two-hundred day moving average price is $52.39.

Energias de Portugal Company Profile

(Get Free Report)

Energias de Portugal, SA (OTCMKTS:EDPFY), commonly known as EDP, is an integrated electric utility headquartered in Portugal. The company develops, owns and operates power-generation facilities and supplies electricity and related energy services to residential, commercial and industrial customers.

EDP has increasingly focused on renewable energy, including wind, solar and hydroelectric generation, while also providing energy-management, distributed-generation and electric-mobility solutions.

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