Empresa Distribuidora y Cmrz Nrt (NYSE:EDN) Upgraded at TheStreet

TheStreet upgraded shares of Empresa Distribuidora y Cmrz Nrt (NYSE:EDN) from a d+ rating to a c- rating in a research note published on Friday morning, TheStreetRatingsTable reports.

Several other equities research analysts have also weighed in on EDN. Zacks Investment Research lowered Empresa Distribuidora y Cmrz Nrt from a buy rating to a hold rating in a research note on Tuesday, June 9th. ValuEngine lowered Empresa Distribuidora y Cmrz Nrt from a hold rating to a sell rating in a research note on Thursday, April 2nd.

Shares of NYSE EDN opened at $4.18 on Friday. The stock has a fifty day moving average price of $3.79 and a two-hundred day moving average price of $4.38. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.74 and a current ratio of 0.81. The firm has a market cap of $180.79 million, a P/E ratio of 0.72 and a beta of 0.93. Empresa Distribuidora y Cmrz Nrt has a 1 year low of $2.54 and a 1 year high of $21.92.

Empresa Distribuidora y Cmrz Nrt (NYSE:EDN) last released its quarterly earnings data on Tuesday, May 12th. The utilities provider reported $0.27 earnings per share for the quarter. The business had revenue of $334.66 million during the quarter. Empresa Distribuidora y Cmrz Nrt had a return on equity of 22.83% and a net margin of 15.28%. On average, research analysts predict that Empresa Distribuidora y Cmrz Nrt will post -3.42 earnings per share for the current fiscal year.

A hedge fund recently bought a new stake in Empresa Distribuidora y Cmrz Nrt stock. Renaissance Technologies LLC acquired a new position in shares of Empresa Distribuidora y Cmrz Nrt SA (NYSE:EDN) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 24,564 shares of the utilities provider’s stock, valued at approximately $154,000. Renaissance Technologies LLC owned approximately 0.05% of Empresa Distribuidora y Cmrz Nrt at the end of the most recent quarter. Institutional investors own 1.59% of the company’s stock.

About Empresa Distribuidora y Cmrz Nrt

Empresa Distribuidora y Comercializadora Norte Sociedad AnĂ³nima, a public service company, engages in the distribution and sale of electricity in Argentina. It serves approximately 8.5 million people in the northwestern part of the greater Buenos Aires metropolitan area and the northern part of the City of Buenos Aires through the concession of 4,637 square kilometers.

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