EDP – Energias de Portugal (OTCMKTS:ELCPF) Shares Down 1.3% – Should You Sell?

EDP – Energias de Portugal, S.A. (OTCMKTS:ELCPF) traded down 1.3% during mid-day trading on Monday . The stock traded as low as $4.86 and last traded at $5.03. 3,898 shares traded hands during trading, a decline of 88% from the average session volume of 31,520 shares. The stock had previously closed at $5.0950.

Analyst Upgrades and Downgrades

ELCPF has been the topic of a number of research reports. Citigroup initiated coverage on EDP – Energias de Portugal in a research report on Thursday, May 28th. They set a “buy” rating on the stock. The Goldman Sachs Group upgraded EDP – Energias de Portugal to a “neutral” rating in a research report on Thursday, June 11th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

EDP – Energias de Portugal Stock Performance

The firm has a 50 day moving average price of $5.06 and a two-hundred day moving average price of $4.85.

EDP – Energias de Portugal Company Profile

EDP – Energias de Portugal (OTCMKTS: ELCPF) is a leading European energy company headquartered in Lisbon, Portugal. The firm is engaged in the generation, distribution and supply of electricity and natural gas, operating both conventional power plants and an extensive portfolio of renewable assets. Through its renewables arm, EDP Renováveis, the company develops, constructs and manages wind, solar and hydroelectric projects across multiple continents.

Founded in 1976 following the consolidation of several state-owned utilities, EDP underwent a phased privatization beginning in 1997 and has since expanded its footprint beyond the Iberian Peninsula.