Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) (NYSE:EDN) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Friday.

According to Zacks, “EMPRESA DISTRIBUIDORA Y COMERCIALIZADORA NORTE S.A. (Edenor) is the largest electricity distribution company in Argentina in terms of number of customers and electricity sold (both in GWh and Pesos). Through a concession, Edenor distributes electricity exclusively to the northwestern zone of the greater Buenos Aires metropolitan area and the northern part of the city of Buenos Aires, which has a population of approximately 7 million people and an area of 4,637 sq. km. “

Several other research firms also recently commented on EDN. BidaskClub upgraded Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) from a “sell” rating to a “hold” rating in a report on Monday, August 14th. 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.

Empresa Distribuidora Y Comercializadora Norte S.A. (NYSE:EDN) traded down $0.33 on Friday, hitting $44.35. The stock had a trading volume of 37,258 shares, compared to its average volume of 56,075.

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A number of large investors have recently made changes to their positions in the stock. Goldman Sachs Group Inc. increased its holdings in Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) by 0.8% during 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 period. Advisor Group Inc. increased its holdings in Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) by 114.6% during 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 period. Renaissance Technologies LLC increased its holdings in Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) by 39.6% during 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 period. Atria Investments LLC purchased a new position in Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) during the 2nd quarter valued at about $235,000. Finally, KCG Holdings Inc. purchased a new position in Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) during the 1st quarter valued at about $388,000. Institutional investors own 7.56% 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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