Energias de Portugal (OTCMKTS:EDPFY) Stock Passes Above 200 Day Moving Average – Here’s What Happened

Energias de Portugal (OTCMKTS:EDPFY) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $45.89 and traded as high as $48.12. Energias de Portugal shares last traded at $47.99, with a volume of 12,211 shares changing hands.

Wall Street Analyst Weigh In

Separately, Zacks Research cut Energias de Portugal from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 16th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, Energias de Portugal currently has an average rating of “Moderate Buy”.

Energias de Portugal Price Performance

The company has a 50-day simple moving average of $45.50 and a 200 day simple moving average of $45.89.

About Energias de Portugal

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.