Energias de Portugal (OTCMKTS:EDPFY) Shares Gap Up – Here’s Why

Shares of Energias de Portugal (OTCMKTS:EDPFY) gapped up prior to trading on Tuesday . The stock had previously closed at $52.29, but opened at $53.97. Energias de Portugal shares last traded at $53.99, with a volume of 2,776 shares traded.

Analyst Ratings Changes

Separately, Citigroup upgraded Energias de Portugal to a “strong-buy” rating in a report on Thursday, May 28th. One research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy”.

Energias de Portugal Stock Down 0.0%

The firm has a fifty day simple moving average of $51.73 and a 200 day simple moving average of $51.82.

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.