Empresa Distribuidora y Cmrz Nrt SA (EDN) Given Consensus Rating of “Hold” by Brokerages

Shares of Empresa Distribuidora y Cmrz Nrt SA (NYSE:EDN) have been assigned an average rating of “Hold” from the six ratings firms that are covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a sell recommendation and one has given a buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $23.25.

EDN has been the subject of several recent research reports. Zacks Investment Research cut Empresa Distribuidora y Cmrz Nrt from a “hold” rating to a “sell” rating in a research report on Tuesday, December 18th. ValuEngine cut Empresa Distribuidora y Cmrz Nrt from a “hold” rating to a “sell” rating in a research report on Tuesday, February 19th. Finally, Santander cut Empresa Distribuidora y Cmrz Nrt from a “hold” rating to an “underperform” rating in a research report on Tuesday, February 26th.

Shares of NYSE EDN opened at $17.34 on Wednesday. Empresa Distribuidora y Cmrz Nrt has a 52 week low of $17.06 and a 52 week high of $59.46. The company has a quick ratio of 0.27, a current ratio of 0.30 and a debt-to-equity ratio of 0.23. The company has a market cap of $788.62 million, a P/E ratio of 5.06 and a beta of 0.68.

Empresa Distribuidora y Cmrz Nrt (NYSE:EDN) last issued its quarterly earnings results on Friday, March 22nd. The utilities provider reported $1.34 EPS for the quarter. Empresa Distribuidora y Cmrz Nrt had a return on equity of 44.37% and a net margin of 7.51%. The firm had revenue of $572.60 million during the quarter. As a group, equities research analysts anticipate that Empresa Distribuidora y Cmrz Nrt will post 3.41 EPS for the current year.

A number of large investors have recently added to or reduced their stakes in EDN. Man Group plc bought a new stake in Empresa Distribuidora y Cmrz Nrt in the third quarter valued at approximately $1,190,000. Credit Suisse AG raised its stake in Empresa Distribuidora y Cmrz Nrt by 86.3% in the third quarter. Credit Suisse AG now owns 54,172 shares of the utilities provider’s stock valued at $1,354,000 after buying an additional 25,094 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new stake in Empresa Distribuidora y Cmrz Nrt in the third quarter valued at approximately $580,000. Marshall Wace LLP bought a new stake in Empresa Distribuidora y Cmrz Nrt in the third quarter valued at approximately $507,000. Finally, Legal & General Group Plc raised its stake in Empresa Distribuidora y Cmrz Nrt by 213.2% in the fourth quarter. Legal & General Group Plc now owns 16,136 shares of the utilities provider’s stock valued at $437,000 after buying an additional 10,984 shares during the period. Hedge funds and other institutional investors own 7.39% of the company’s stock.

Empresa Distribuidora y Cmrz Nrt Company Profile

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima, a public service company, engages in the distribution and sale of electricity in Argentina. It serves approximately 8.5 million people in the northwestern part of the greater Buenos Aires metropolitan area and the northern part of the City of Buenos Aires through the concession of 4,637 square kilometers.

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