Santander lowered shares of EDP Renovaveis (OTCMKTS:EDRVF) from a buy rating to a hold rating in a research note published on Thursday morning, The Fly reports.
Several other brokerages have also recently issued reports on EDRVF. Berenberg Bank raised shares of EDP Renovaveis from a hold rating to a buy rating in a report on Tuesday, July 7th. Societe Generale raised shares of EDP Renovaveis from a hold rating to a buy rating in a report on Wednesday, May 27th. Finally, JPMorgan Chase & Co. reissued an overweight rating on shares of EDP Renovaveis in a report on Wednesday, July 8th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. EDP Renovaveis has an average rating of Buy.
OTCMKTS:EDRVF opened at $14.98 on Thursday. EDP Renovaveis has a 12 month low of $9.38 and a 12 month high of $14.98. The firm has a fifty day simple moving average of $14.10 and a 200-day simple moving average of $12.63.
EDP Renováveis, SA, a renewable energy company, plans, constructs, and maintains electricity production facilities primarily in Spain. The company operates wind farms and solar plants to generate and deliver clean electricity. It also has operations in Portugal, Belgium, France, Italy, the Netherlands, Poland, Romania, the United Kingdom, Greece, the United States, Canada, Mexico, and Brazil.
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