EDP-Energias de Portugal, S.A (EDPFY) Raised to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of EDP-Energias de Portugal, S.A (OTCMKTS:EDPFY) from a hold rating to a buy rating in a research report sent to investors on Wednesday morning. Zacks Investment Research currently has $43.00 price objective on the utilities provider’s stock.

According to Zacks, “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. “

EDP-Energias de Portugal, S.A (OTCMKTS EDPFY) opened at $37.62 on Wednesday. EDP-Energias de Portugal, S.A has a one year low of $30.67 and a one year high of $40.46. The company has a quick ratio of 1.06, a current ratio of 1.10 and a debt-to-equity ratio of 1.18. The company has a market cap of $13,865.23, a price-to-earnings ratio of 13.63, a PEG ratio of 8.63 and a beta of 0.79.

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About EDP-Energias de Portugal, S.A

EDP Energias de Portugal SA is a Portugal-based utility company. Its segments are Long Term Contracted Generation in Iberia, which includes the activity of electricity generation of plants with contractual stability compensation and special regime generation plants in Portugal and Spain; Liberalized Activities in Iberia, which includes the activity of unregulated generation and supply of electricity in Portugal and Spain, and gas in Spain; Regulated Networks in Iberia, which includes the activities of electricity distribution in Portugal and Spain, gas distribution in Spain, and last resort supplier; EDP Renovaveis, which includes power generation activity through renewable energy resources, and EDP Brasil, which includes the activities of electricity generation, distribution and supply in Brazil.

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