EDP – Energias de Portugal (OTCMKTS:ELCPF) Stock Price Up 2.2%

EDP – Energias de Portugal, S.A. (OTCMKTS:ELCPFGet Rating) shares rose 2.2% during mid-day trading on Thursday . The company traded as high as $5.00 and last traded at $5.00. Approximately 337 shares changed hands during trading, a decline of 90% from the average daily volume of 3,451 shares. The stock had previously closed at $4.89.

Analyst Upgrades and Downgrades

ELCPF has been the subject of a number of analyst reports. Jefferies Financial Group initiated coverage on EDP – Energias de Portugal in a research report on Tuesday, June 28th. They set a “buy” rating for the company. Barclays decreased their target price on EDP – Energias de Portugal from €4.70 ($4.85) to €4.60 ($4.74) and set an “equal weight” rating for the company in a research note on Wednesday, June 29th.

EDP – Energias de Portugal Stock Performance

The stock’s 50-day moving average is $4.80 and its 200-day moving average is $4.77.

EDP – Energias de Portugal Company Profile

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EDP-Energias de Portugal SA is engages in the provision of electricity generation, supply and distribution. It operates through the following three segments: Renewables, Networks and Customer Solutions and Energy Management. The Renewables segment engages in generation of electricity through renewable energy sources.

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