Energias de Portugal (OTCMKTS:EDPFY) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a report issued on Tuesday.

According to Zacks, “Electricidade de Portugal, S.A. ranks among Europe’s major electricity operators, as well as being one of Portugal’s largest business groups. As a multidisciplinary organisation whose activities extend to such diverse areas as telecommunications and the internet, it presents itself as a natural and competitive participant in other business segments, such as gas, water and the provision of services in the engineering and information systems’ fields. “

Separately, Berenberg Bank cut shares of Energias de Portugal from a “buy” rating to a “hold” rating in a report on Tuesday, August 29th.

Energias de Portugal (OTCMKTS EDPFY) traded up 0.041% on Tuesday, reaching $36.405. 3,050 shares of the company traded hands. Energias de Portugal has a 52-week low of $28.17 and a 52-week high of $40.46. The firm has a 50 day moving average price of $38.37 and a 200 day moving average price of $35.39. The stock has a market capitalization of $13.23 billion, a price-to-earnings ratio of 12.135 and a beta of 0.83.

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