Shares of Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) (NYSE:EDN) have been assigned a consensus broker rating score of 2.00 (Buy) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. One equities research 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 185 out of 265 based on the ratings given to its competitors.

EDN has been the topic of a number of research reports. Zacks Investment Research upgraded Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) from a “hold” rating to a “buy” rating and set a $35.00 price target on the stock in a research report on Wednesday, July 12th. BidaskClub upgraded 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 upgraded 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.

Empresa Distribuidora Y Comercializadora Norte S.A. (NYSE:EDN) traded up 3.25% on Monday, hitting $42.85. The stock had a trading volume of 133,224 shares. Empresa Distribuidora Y Comercializadora Norte S.A. has a 12-month low of $22.80 and a 12-month high of $43.96. The company’s 50 day moving average price is $39.26 and its 200-day moving average price is $34.21. The company has a market cap of $1.93 billion, a price-to-earnings ratio of 89.27 and a beta of 1.96.

A number of institutional investors and hedge funds have recently bought and sold shares of EDN. Fiera Capital Corp acquired a new stake in Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) in the 2nd quarter valued at approximately $8,737,000. Wellington Management Group LLP acquired a new stake in Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) in the 1st quarter valued at approximately $4,058,000. Newfoundland Capital Management increased its position in Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) by 11.0% in the 2nd quarter. Newfoundland Capital Management now owns 1,034,750 shares of the utilities provider’s stock valued at $33,008,000 after acquiring an additional 102,309 shares during the period. Wells Fargo & Company MN increased its position in Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) by 31.9% in the 2nd quarter. Wells Fargo & Company MN now owns 291,653 shares of the utilities provider’s stock valued at $9,304,000 after acquiring an additional 70,531 shares during the period. Finally, Dorsey Wright & Associates increased its position in Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) by 53.8% in the 2nd quarter. Dorsey Wright & Associates now owns 152,847 shares of the utilities provider’s stock valued at $2,075,000 after acquiring an additional 53,479 shares during the period. Hedge funds and other institutional investors own 7.55% of the company’s stock.

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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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