Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) Stock Rating Lowered by StockNews.com

StockNews.com cut shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDNFree Report) from a buy rating to a hold rating in a research note published on Friday morning.

Separately, TheStreet upgraded Empresa Distribuidora y Comercializadora Norte Sociedad Anónima from a d+ rating to a c rating in a research note on Friday, December 8th.

Check Out Our Latest Report on Empresa Distribuidora y Comercializadora Norte Sociedad Anónima

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Stock Down 2.3 %

Shares of NYSE:EDN opened at $17.30 on Friday. The stock has a market cap of $784.04 million, a price-to-earnings ratio of 4.20 and a beta of 1.46. The company has a quick ratio of 0.83, a current ratio of 0.93 and a debt-to-equity ratio of 0.13. Empresa Distribuidora y Comercializadora Norte Sociedad Anónima has a 12-month low of $6.52 and a 12-month high of $21.80. The business’s 50 day moving average is $18.88 and its 200 day moving average is $14.98.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of EDN. Helikon Investments Ltd increased its position in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 10.1% during the fourth quarter. Helikon Investments Ltd now owns 299,317 shares of the utilities provider’s stock worth $5,798,000 after purchasing an additional 27,578 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 45.0% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 108,039 shares of the utilities provider’s stock valued at $2,093,000 after acquiring an additional 33,510 shares during the period. Renaissance Technologies LLC grew its position in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 99.1% during the 1st quarter. Renaissance Technologies LLC now owns 107,655 shares of the utilities provider’s stock valued at $868,000 after acquiring an additional 53,583 shares during the period. Citigroup Inc. acquired a new stake in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the 3rd quarter worth about $1,179,000. Finally, Islet Management LP purchased a new position in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the 2nd quarter worth approximately $386,000.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Company Profile

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