Shares of Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) (NYSE:EDN) have been given a consensus 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 given a strong buy rating to 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 173 out of 265 based on the ratings given to its competitors.

A number of research analysts have recently weighed in 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 report on Wednesday, August 30th. ValuEngine upgraded Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 13th. Finally, BidaskClub upgraded Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) from a “hold” rating to a “buy” rating in a report on Saturday, August 26th.

COPYRIGHT VIOLATION WARNING: “Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) (EDN) Given Average Rating of “Buy” by Analysts” was first reported by American Banking News and is owned by of American Banking News. If you are reading this piece on another website, it was illegally stolen and reposted in violation of United States & international copyright & trademark legislation. The original version of this piece can be read at https://www.americanbankingnews.com/2017/10/06/empresa-distribuidora-y-comercializadora-norte-s-a-edenor-edn-given-average-rating-of-buy-by-analysts.html.

Shares of Empresa Distribuidora Y Comercializadora Norte S.A. (EDN) traded up 2.86% during midday trading on Friday, hitting $43.59. The stock had a trading volume of 465 shares. Empresa Distribuidora Y Comercializadora Norte S.A. has a 52 week low of $20.69 and a 52 week high of $43.88. The company’s 50 day moving average is $36.77 and its 200 day moving average is $33.49. The firm has a market cap of $1.96 billion, a P/E ratio of 90.81 and a beta of 1.96.

A number of institutional investors have recently modified their holdings of EDN. Newfoundland Capital Management lifted its holdings in Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) by 304.7% during the first quarter. Newfoundland Capital Management now owns 932,441 shares of the utilities provider’s stock worth $32,412,000 after acquiring an additional 702,015 shares during the period. Fiera Capital Corp bought a new stake in Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) during the second quarter worth $8,737,000. Wellington Management Group LLP bought a new stake in Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) during the first quarter worth $4,058,000. Barings LLC bought a new stake in Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) during the first quarter worth $3,563,000. Finally, Edmond DE Rothschild Holding S.A. bought a new stake in Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) during the first quarter worth $2,549,000. Institutional investors and hedge funds own 7.55% of the company’s stock.

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.

Get a free copy of the Zacks research report on Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) (EDN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) and related companies with MarketBeat.com's FREE daily email newsletter.