Analysts’ Recent Ratings Changes for Empresa Distribuidora y Cmrz Nrt (EDN)

Empresa Distribuidora y Cmrz Nrt (NYSE: EDN) has recently received a number of price target changes and ratings updates:

  • 5/9/2019 – Empresa Distribuidora y Cmrz Nrt was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong sell” rating. 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. “
  • 5/1/2019 – Empresa Distribuidora y Cmrz Nrt was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $19.00 price target on the stock. 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. “
  • 4/30/2019 – Empresa Distribuidora y Cmrz Nrt was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. 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. “
  • 4/25/2019 – Empresa Distribuidora y Cmrz Nrt was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $19.00 price target on the stock. 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. “
  • 4/23/2019 – Empresa Distribuidora y Cmrz Nrt was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. 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. “
  • 4/17/2019 – Empresa Distribuidora y Cmrz Nrt was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. 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. “
  • 4/16/2019 – Empresa Distribuidora y Cmrz Nrt was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $20.00 price target on the stock. 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. “

Shares of EDN opened at $18.68 on Thursday. Empresa Distribuidora y Cmrz Nrt SA has a 12-month low of $15.37 and a 12-month high of $49.25. The firm has a market cap of $837.57 million, a P/E ratio of 5.45 and a beta of 0.60. The company has a current ratio of 0.65, a quick ratio of 0.59 and a debt-to-equity ratio of 0.23.

Empresa Distribuidora y Cmrz Nrt (NYSE:EDN) last announced its quarterly earnings data on Friday, March 22nd. The utilities provider reported $1.34 earnings per share (EPS) for the quarter. Empresa Distribuidora y Cmrz Nrt had a return on equity of 44.37% and a net margin of 7.51%. The firm had revenue of $572.60 million for the quarter. As a group, analysts predict that Empresa Distribuidora y Cmrz Nrt SA will post 1.95 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Morgan Stanley lifted its stake in Empresa Distribuidora y Cmrz Nrt by 16.1% during the first quarter. Morgan Stanley now owns 6,474 shares of the utilities provider’s stock worth $127,000 after purchasing an additional 896 shares during the last quarter. Truvvo Partners LLC bought a new position in Empresa Distribuidora y Cmrz Nrt during the first quarter worth $197,000. BW Gestao de Investimentos Ltda. bought a new position in Empresa Distribuidora y Cmrz Nrt during the first quarter worth $1,960,000. Bienville Capital Management LLC lifted its stake in Empresa Distribuidora y Cmrz Nrt by 286.5% in the first quarter. Bienville Capital Management LLC now owns 122,065 shares of the utilities provider’s stock valued at $2,393,000 after buying an additional 90,485 shares during the last quarter. Finally, Acadian Asset Management LLC bought a new stake in Empresa Distribuidora y Cmrz Nrt in the first quarter valued at $177,000. Hedge funds and other institutional investors own 7.39% of the company’s stock.

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.

Read More: What are the benefits of a balanced fund?

Receive News & Ratings for Empresa Distribuidora y Cmrz Nrt SA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Empresa Distribuidora y Cmrz Nrt SA and related companies with MarketBeat.com's FREE daily email newsletter.