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 analysts that provide coverage for the company, Zacks Investment Research reports. One investment 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 price target of $44.00 for the company, according to Zacks. Zacks has also given Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) an industry rank of 156 out of 265 based on the ratings given to related companies.

A number of research firms have issued reports on EDN. Zacks Investment Research lowered Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) from a “hold” rating to a “sell” rating in a research report 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 report 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 report on Thursday, July 13th.

Shares of Empresa Distribuidora Y Comercializadora Norte S.A. (EDN) traded down 0.29% during midday trading on Thursday, reaching $37.19. 64,179 shares of the company’s stock traded hands. Empresa Distribuidora Y Comercializadora Norte S.A. has a 12 month low of $18.60 and a 12 month high of $37.53. The stock has a market cap of $1.67 billion, a P/E ratio of 77.48 and a beta of 1.89. The stock has a 50 day moving average of $33.94 and a 200-day moving average of $32.92.

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Several hedge funds have recently made changes to their positions in the business. Goldman Sachs Group Inc. grew its stake in shares of Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) by 0.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 104,819 shares of the utilities provider’s stock valued at $3,648,000 after purchasing an additional 803 shares during the last quarter. Advisor Group Inc. grew its stake in shares of Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) by 114.6% in the 2nd quarter. Advisor Group Inc. now owns 6,725 shares of the utilities provider’s stock valued at $214,000 after purchasing an additional 3,591 shares during the last quarter. Renaissance Technologies LLC grew its stake in shares of Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) by 39.6% in the 1st quarter. Renaissance Technologies LLC now owns 15,000 shares of the utilities provider’s stock valued at $522,000 after purchasing an additional 4,255 shares during the last quarter. Global X Management Co. LLC grew its stake in shares of Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) by 16.1% in the 1st quarter. Global X Management Co. LLC now owns 37,312 shares of the utilities provider’s stock valued at $1,297,000 after purchasing an additional 5,163 shares during the last quarter. Finally, Atria Investments LLC purchased a new position in shares of Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) in the 2nd quarter valued at approximately $235,000. Institutional investors own 7.55% of the company’s stock.

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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