Energias de Portugal (OTCMKTS:EDPFY) Stock Price Crosses Above 200 Day Moving Average – What’s Next?

Shares of Energias de Portugal (OTCMKTS:EDPFY) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $45.47 and traded as high as $47.21. Energias de Portugal shares last traded at $47.09, with a volume of 12,662 shares.

Analyst Upgrades and Downgrades

Separately, Zacks Research downgraded Energias de Portugal from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 16th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

Energias de Portugal Stock Up 2.6%

The company’s fifty day moving average is $45.64 and its 200 day moving average is $45.50.

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.