Energias de Portugal (OTCMKTS:EDPFY) Share Price Crosses Above 200 Day Moving Average – Here’s What Happened

Energias de Portugal (OTCMKTS:EDPFY)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $49.95 and traded as high as $51.18. Energias de Portugal shares last traded at $50.65, with a volume of 19,216 shares trading hands.

Analysts Set New Price Targets

Separately, Citigroup upgraded shares of Energias de Portugal to a “strong-buy” rating in a report on Thursday, May 28th. One research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy”.

Energias de Portugal Stock Down 0.9%

The firm has a market capitalization of $19.98 billion, a price-to-earnings ratio of 64.94 and a beta of 0.57. The firm’s 50 day moving average is $52.62 and its 200 day moving average is $49.95.

About Energias de Portugal

Energias de Portugal, SA (OTCMKTS:EDPFY) is an integrated energy company headquartered in Lisbon, Portugal, with operations spanning electricity generation, distribution, and retail supply. The company manages a diversified portfolio of thermal, hydroelectric, wind and solar power facilities, positioning itself as a prominent player in both conventional and renewable energy markets. In addition to electricity, EDP is active in gas distribution and supply, serving residential, commercial and industrial customers.

Founded in 1976 through the nationalization of Portugal’s power assets, EDP underwent privatization beginning in the mid-1990s and today maintains listings on multiple stock exchanges, including ADRs traded in the United States.