Energias de Portugal (OTCMKTS:EDPFY) Shares Gap Up – Still a Buy?

Shares of Energias de Portugal (OTCMKTS:EDPFY) gapped up before the market opened on Friday . The stock had previously closed at $49.6095, but opened at $51.39. Energias de Portugal shares last traded at $51.39, with a volume of 563 shares trading hands.

Analyst Ratings Changes

Separately, Citigroup raised Energias de Portugal to a “strong-buy” rating in a research note on Thursday, May 28th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy”.

Energias de Portugal Stock Down 2.1%

The company has a market capitalization of $19.79 billion, a P/E ratio of 64.32 and a beta of 0.57. The business’s 50-day moving average is $51.84 and its two-hundred day moving average is $50.46.

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.