EDP Renováveis (OTCMKTS:EDRVF) was downgraded by analysts at Kepler Capital Markets from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday, The Fly reports.
A number of other equities research analysts have also recently commented on the stock. Societe Generale cut shares of EDP Renováveis from a “buy” rating to a “hold” rating in a report on Monday, November 2nd. JPMorgan Chase & Co. cut shares of EDP Renováveis from an “overweight” rating to a “neutral” rating in a report on Monday. Barclays restated an “equal weight” rating on shares of EDP Renováveis in a report on Monday, December 7th. Finally, Royal Bank of Canada cut shares of EDP Renováveis from an “outperform” rating to a “sector perform” rating in a research note on Monday, November 23rd. Six investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold”.
OTCMKTS:EDRVF opened at $28.52 on Tuesday. The company’s 50 day moving average price is $24.39 and its 200-day moving average price is $18.84. EDP Renováveis has a 52 week low of $9.38 and a 52 week high of $29.35.
EDP RenovÃ¡veis, SA, a renewable energy company, plans, constructs, operates, and maintains electricity generating power stations. The company operates wind and solar farms. As of December 31, 2019, it had an installed capacity of 4,553 megawatts in Europe; 6,342 megawatts in North America; and 467 megawatts in Brazil.
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