Short-term stake in EDP – Energias de Portugal, SA (OTCMKTS:EDPFY) increases by 126.7%
EDP - Energias de Portugal, SA (OTCMKTS:EDPFY – Get Rating) saw a significant increase in short-term interest in September. As of September 15, there was short interest totaling 3,400 shares, an increase of 126.7% from the total of 1,500 shares as of August 31. Based on an average daily volume of 52,800 shares, the day-to-cover ratio is currently 0.1 day.
Analysts set new price targets
The EDFY has been the subject of several recent research reports. Barclays upgraded EDP – Energias de Portugal from a “weighted” rating to an “overweight” rating in a research report dated Tuesday 20 September. Credit Suisse Group raised its price target on EDP – Energias de Portugal from €5.50 ($5.61) to €5.70 ($5.82) and gave the company an “outperform” rating in a Friday, June 10 research report. Finally, Societe Generale raised its price target on EDP – Energias de Portugal from €5.12 ($5.22) to €6.10 ($6.22) in a Monday, September 19 research report. Seven investment analysts rated the stock with a buy rating. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $5.60.
EDP - Energias de Portugal Stock Performance
Shares of EDFY were up $0.82 in Wednesday’s midday session, hitting $44.35. 44,433 shares of the company were traded, compared to its average volume of 37,241. EDP – Energias de Portugal has a 1-year low of $42.56 and a 1-year high of 58.64 $. The company’s fifty-day moving average is $49.58 and its 200-day moving average is $48.72. The company has a debt ratio of 1.09, a quick ratio of 1.14 and a current ratio of 1.19.
EDP - Energias de Portugal (OTCMKTS:EDPFY – Get Rating) last released its quarterly earnings data on Friday, July 29. The utility provider reported EPS of $1.03 for the quarter. The company had revenue of $4.97 billion for the quarter. Research analysts expect EDP – Energias de Portugal to post EPS of 2.11 for the current year.
EDP - Energias de Portugal Company Profile
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EDP - Energias de Portugal, SA is active in the generation, transmission, distribution and marketing of electricity in Portugal, Spain, France, Poland, Romania, Italy, Belgium, United Kingdom Kingdom, Greece, Brazil, North America and internationally. The Company operates through the Renewable Energy, Network and Customer Solutions, and Energy Management segments.
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