Energias de Portugal (OTCMKTS:EDPFY) Shares Pass Above 200-Day Moving Average – Time to Sell?

Energias de Portugal (OTCMKTS:EDPFY) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $46.37 and traded as high as $51.7428. Energias de Portugal shares last traded at $51.37, with a volume of 15,002 shares changing hands.

Analysts Set New Price Targets

Separately, Zacks Research downgraded shares of Energias de Portugal from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 16th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Energias de Portugal Trading Up 0.6%

The company’s 50 day moving average is $47.00 and its 200-day moving average is $46.37.

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.