Energias de Portugal (OTCMKTS:EDPFY) Stock Price Crosses Above 200-Day Moving Average on Analyst Downgrade

by · The Markets Daily

Shares of Energias de Portugal (OTCMKTS:EDPFY – Get Free Report) crossed above its 200-day moving average during trading on Monday after Zacks Research upgraded the stock from a hold rating to a strong-buy rating. The stock has a 200-day moving average of $52.85 and traded as high as $54.1657. Energias de Portugal shares last traded at $53.47, with a volume of 20,412 shares traded.

Energias de Portugal Trading Up 0.3%

The business’s 50-day moving average is $54.23 and its two-hundred day moving average is $52.85.

Energias de Portugal Company Profile

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Energias de Portugal, SA (EDP) is a Portugal-based integrated energy company engaged in electricity generation, transmission and distribution, and energy supply. The company serves residential, commercial and industrial customers and provides electricity and related energy services through regulated networks and competitive retail operations.

EDP has a significant focus on renewable energy, including wind, solar, hydroelectric and other clean-energy generation assets. Through its renewable-energy subsidiary, EDP Renewables, the company develops, owns and operates renewable power projects in multiple markets.

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