EDP Renováveis, S.A. (OTCMKTS:EDRVF) Receives Consensus Recommendation of “Hold” from Brokerages


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EDP Renováveis, S.A. (OTCMKTS:EDRVF) has been given a consensus recommendation of “Hold” by the eleven ratings firms that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company.

A number of equities research analysts recently commented on the company. Morgan Stanley restated an “equal weight” rating on shares of EDP Renováveis in a research report on Friday, March 5th. Barclays restated an “equal weight” rating on shares of EDP Renováveis in a research report on Thursday, March 4th. Kepler Capital Markets lowered EDP Renováveis from a “buy” rating to a “hold” rating in a research report on Tuesday, January 12th. Exane BNP Paribas upgraded EDP Renováveis from a “neutral” rating to an “outperform” rating in a research report on Friday, February 26th. Finally, JPMorgan Chase & Co. upgraded EDP Renováveis from a “neutral” rating to an “overweight” rating in a research report on Tuesday, March 30th.

OTCMKTS EDRVF traded up $0.03 during trading hours on Tuesday, reaching $22.52. 300 shares of the company’s stock were exchanged, compared to its average volume of 13,029. EDP Renováveis has a one year low of $10.30 and a one year high of $30.10. The firm has a fifty day moving average of $21.61 and a 200-day moving average of $22.46.

About EDP Renováveis

EDP Renováveis, 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, 2020, it had an installed capacity of 4,966 megawatts in Europe; 6,766 megawatts in North America; and 436 megawatts in Brazil.

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Analyst Recommendations for EDP Renováveis (OTCMKTS:EDRVF)

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