EDP – Energias de Portugal (OTC:EDPFY) Rating Reaffirmed
EDP – Energias de Portugal (OTC:EDPFY) stock Sector Perform rating has been has decided to reaffirm at RBC Capital Markets in an interesting research report issued to clients on Friday, 27 November.
The stock increased 0.80% or $0.27 on November 27, striking $34.2. Approximately 505 shares of stock traded hands. EDP-Energias de Portugal, S.A (ADR) (OTC:EDPFY) has declined 12.24% since April 27, 2015 and is downtrending. It has underperformed by 11.35% the S&P500.
EDP-Energias de Portugal, S.A. is an integrated utility company. The company has a market cap of $10.66 billion. EDP is a generator, distributor and supplier of electricity and gas in Portugal, Brazil, the Iberian Peninsula, and other countries in North America and Europe. It has 8.51 P/E ratio. EDP operates through five divisions: Long Term Contracted Generation in Iberia, Liberalised Activities in Iberia, Regulated Networks in Iberia, EDP Renovaveis and EDP Brasil.
According to Zacks Investment Research, “Electricidade de Portugal, S.A. ranks among Europe’s major electricity operators, as well as being one of Portugal’s largest business groups. As a multidisciplinary organisation whose activities extend to such diverse areas as telecommunications and the internet, it presents itself as a natural and competitive participant in other business segments, such as gas, water and the provision of services in the engineering and information systems’ fields.” Get a free copy of the Zacks research report on EDP-Energias de Portugal, S.A (ADR) (EDPFY)