Shares of Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) (NYSE:EDN) have been assigned an average broker rating score of 2.00 (Buy) from the two brokers that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation and one has issued a strong buy recommendation on the company. Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor)’s rating score has declined by 19.8% in the last 90 days as a result of various analysts’ ratings changes.

Analysts have set a 1-year consensus price target of $42.50 for the company, according to Zacks. Zacks has also given Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) an industry rank of 101 out of 265 based on the ratings given to related companies.

A number of equities analysts recently commented on the company. BidaskClub upgraded Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) from a “sell” rating to a “hold” rating in a report on Wednesday, June 21st. Zacks Investment Research raised Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 11th.

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Shares of Empresa Distribuidora Y Comercializadora Norte S.A. (NYSE EDN) traded down 0.41% during mid-day trading on Tuesday, hitting $31.20. 34,861 shares of the stock traded hands. Empresa Distribuidora Y Comercializadora Norte S.A. has a 52 week low of $15.03 and a 52 week high of $37.12. The stock’s market cap is $1.40 billion. The firm’s 50-day moving average is $31.55 and its 200-day moving average is $32.24.

Large investors have recently modified their holdings of the company. Barings LLC purchased a new stake in shares of Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) during the first quarter valued at $3,563,000. Newfoundland Capital Management boosted its stake in shares of Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) by 304.7% in the first quarter. Newfoundland Capital Management now owns 932,441 shares of the utilities provider’s stock valued at $32,412,000 after buying an additional 702,015 shares during the last quarter. Edmond DE Rothschild Holding S.A. purchased a new stake in shares of Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) during the first quarter valued at $2,549,000. KCG Holdings Inc. purchased a new stake in shares of Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) during the first quarter valued at $388,000. Finally, Renaissance Technologies LLC boosted its stake in shares of Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) by 39.6% in the first quarter. Renaissance Technologies LLC now owns 15,000 shares of the utilities provider’s stock valued at $522,000 after buying an additional 4,255 shares during the last quarter. 7.28% of the stock is currently owned by institutional investors.

Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) Company Profile

Empresa Distribuidora y Comercializadora Norte SA is a public service company. The Company is engaged in electricity distribution in Argentina. It holds a concession to distribute electricity to the northwestern part of the greater Buenos Aires metropolitan area and in the northern part of the City of Buenos Aires.

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