Empresa Distribuidora y Cmrz Nrt (EDN) Downgraded to “Sell” at ValuEngine

Empresa Distribuidora y Cmrz Nrt (NYSE:EDN) was downgraded by ValuEngine from a “hold” rating to a “sell” rating in a research note issued on Tuesday.

Other equities analysts have also recently issued research reports about the stock. Zacks Investment Research cut shares of Empresa Distribuidora y Cmrz Nrt from a “hold” rating to a “strong sell” rating in a research report on Wednesday, February 6th. TheStreet raised shares of Empresa Distribuidora y Cmrz Nrt from a “d+” rating to a “c” rating in a research report on Tuesday, November 13th. Two research analysts have rated the stock with a sell rating and one has assigned a hold rating to the company. The stock presently has an average rating of “Sell” and an average target price of $36.75.

Shares of NYSE EDN opened at $26.89 on Tuesday. Empresa Distribuidora y Cmrz Nrt has a fifty-two week low of $19.05 and a fifty-two week high of $60.93. The stock has a market capitalization of $1.31 billion, a P/E ratio of -26.89 and a beta of 0.87. The company has a current ratio of 0.92, a quick ratio of 0.88 and a debt-to-equity ratio of 3.90.

Several institutional investors have recently bought and sold shares of the business. Eaton Vance Management lifted its position in shares of Empresa Distribuidora y Cmrz Nrt by 37.2% during the 3rd quarter. Eaton Vance Management now owns 12,175 shares of the utilities provider’s stock worth $304,000 after buying an additional 3,300 shares in the last quarter. Legal & General Group Plc bought a new position in shares of Empresa Distribuidora y Cmrz Nrt during the 3rd quarter worth approximately $129,000. Northern Trust Corp bought a new position in shares of Empresa Distribuidora y Cmrz Nrt during the 4th quarter worth approximately $260,000. Acadian Asset Management LLC bought a new position in shares of Empresa Distribuidora y Cmrz Nrt during the 3rd quarter worth approximately $462,000. Finally, Marshall Wace LLP bought a new position in shares of Empresa Distribuidora y Cmrz Nrt during the 3rd quarter worth approximately $507,000. 7.34% of the stock is currently owned by hedge funds and other institutional investors.

Empresa Distribuidora y Cmrz Nrt Company Profile

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima, a public service company, engages in the distribution and sale of electricity in Argentina. It serves approximately 8.5 million people in the northwestern part of the greater Buenos Aires metropolitan area and the northern part of the City of Buenos Aires through the concession of 4,637 square kilometers.

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