Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) (NYSE:EDN) has been given a consensus broker rating score of 2.00 (Buy) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold rating and one has issued a strong buy rating on the company.

Analysts have set a 1 year consensus target price of $44.00 for the company, according to Zacks. Zacks has also assigned Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) an industry rank of 155 out of 265 based on the ratings given to its competitors.

Several analysts have issued reports on EDN shares. Zacks Investment Research lowered Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) from a “hold” rating to a “sell” rating in a research note on Wednesday, September 6th. BidaskClub raised Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) from a “hold” rating to a “buy” rating in a research note on Saturday, August 26th. Finally, ValuEngine raised Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 13th.

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A number of institutional investors and hedge funds have recently modified their holdings of the business. Newfoundland Capital Management boosted its stake in Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) by 11.0% in the second quarter. Newfoundland Capital Management now owns 1,034,750 shares of the utilities provider’s stock worth $33,008,000 after buying an additional 102,309 shares in the last quarter. Wells Fargo & Company MN boosted its stake in Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) by 31.9% in the second quarter. Wells Fargo & Company MN now owns 291,653 shares of the utilities provider’s stock worth $9,304,000 after buying an additional 70,531 shares in the last quarter. Fiera Capital Corp purchased a new stake in Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) in the second quarter worth approximately $8,737,000. Dorsey Wright & Associates boosted its stake in Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) by 53.8% in the second quarter. Dorsey Wright & Associates now owns 152,847 shares of the utilities provider’s stock worth $2,075,000 after buying an additional 53,479 shares in the last quarter. Finally, Wellington Management Group LLP purchased a new stake in Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) in the first quarter worth approximately $4,058,000. 7.55% of the stock is owned by institutional investors and hedge funds.

Shares of Empresa Distribuidora Y Comercializadora Norte S.A. (NYSE EDN) traded down 1.37% on Friday, reaching $35.98. 231,480 shares of the company were exchanged. The firm has a market capitalization of $1.62 billion, a PE ratio of 78.22 and a beta of 1.89. The stock’s 50-day moving average is $33.60 and its 200 day moving average is $32.91. Empresa Distribuidora Y Comercializadora Norte S.A. has a 12-month low of $18.49 and a 12-month high of $37.12.

About Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor)

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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