EDP – Energias de Portugal (OTCMKTS:EDPFY) Hits New 52-Week Low – Here’s What Happened

Shares of EDP – Energias de Portugal, S.A. (OTCMKTS:EDPFY) reached a new 52-week low during trading on Wednesday . The stock traded as low as $31.18 and last traded at $31.51, with a volume of 938115 shares changing hands. The stock had previously closed at $32.87.

Analysts Set New Price Targets

Separately, Sanford C. Bernstein raised shares of EDP – Energias de Portugal from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 20th.

EDP – Energias de Portugal Price Performance

The firm’s 50 day simple moving average is $34.41 and its 200-day simple moving average is $39.16.

EDP – Energias de Portugal Company Profile

EDP – Energias de Portugal, SA engages in the generation, transmission, distribution, and supply of electricity in Portugal, Spain, France, Poland, Romania, Italy, Belgium, the United Kingdom, Greece, Colombia, Brazil, North America, and internationally. It operates through Renewables, Networks, and Client Solutions & Energy Management segments.