Energias de Portugal (OTCMKTS:EDPFY) Sets New 12-Month High – Should You Buy?

Energias de Portugal (OTCMKTS:EDPFY)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $52.7742 and last traded at $52.7742, with a volume of 2313 shares trading hands. The stock had previously closed at $51.8350.

Wall Street Analysts Forecast Growth

Separately, Zacks Research lowered Energias de Portugal from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 16th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Energias de Portugal Trading Up 1.9%

The stock has a market cap of $20.84 billion, a PE ratio of 44.39 and a beta of 0.59. The business has a 50-day moving average price of $47.53 and a 200 day moving average price of $46.56.

Energias de Portugal Company Profile

Energias de Portugal, SA (OTCMKTS:EDPFY) is an integrated energy company headquartered in Lisbon, Portugal, with operations spanning electricity generation, distribution, and retail supply. The company manages a diversified portfolio of thermal, hydroelectric, wind and solar power facilities, positioning itself as a prominent player in both conventional and renewable energy markets. In addition to electricity, EDP is active in gas distribution and supply, serving residential, commercial and industrial customers.

Founded in 1976 through the nationalization of Portugal’s power assets, EDP underwent privatization beginning in the mid-1990s and today maintains listings on multiple stock exchanges, including ADRs traded in the United States.