Empresa Distribuidora y Cmrz Nrt SA (EDN) Given Average Rating of “Sell” by Brokerages

Shares of Empresa Distribuidora y Cmrz Nrt SA (NYSE:EDN) have been given an average recommendation of “Sell” by the six analysts that are presently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a sell rating and one has given a hold rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $26.50.

A number of equities research analysts recently commented on EDN shares. Bank of America cut shares of Empresa Distribuidora y Cmrz Nrt from a “neutral” rating to an “underperform” rating in a research note on Friday, September 14th. Zacks Investment Research cut shares of Empresa Distribuidora y Cmrz Nrt from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 14th. Finally, ValuEngine cut shares of Empresa Distribuidora y Cmrz Nrt from a “hold” rating to a “sell” rating in a research note on Monday, August 13th.

NYSE EDN traded down $0.65 during trading hours on Friday, reaching $24.00. The company’s stock had a trading volume of 23,600 shares, compared to its average volume of 84,633. The stock has a market cap of $1.09 billion, a price-to-earnings ratio of -24.04 and a beta of 1.24. Empresa Distribuidora y Cmrz Nrt has a fifty-two week low of $19.05 and a fifty-two week high of $63.29. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 8.62.

Empresa Distribuidora y Cmrz Nrt (NYSE:EDN) last issued its quarterly earnings data on Friday, August 10th. The utilities provider reported ($0.18) EPS for the quarter. The business had revenue of $444.02 million during the quarter. Empresa Distribuidora y Cmrz Nrt had a net margin of 4.64% and a return on equity of 104.96%. As a group, research analysts expect that Empresa Distribuidora y Cmrz Nrt will post 1.86 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Atria Investments LLC lifted its holdings in Empresa Distribuidora y Cmrz Nrt by 23.6% in the 2nd quarter. Atria Investments LLC now owns 12,113 shares of the utilities provider’s stock valued at $394,000 after purchasing an additional 2,311 shares in the last quarter. CarVal Investors LLC purchased a new position in Empresa Distribuidora y Cmrz Nrt in the 2nd quarter valued at about $292,000. Acadian Asset Management LLC purchased a new position in Empresa Distribuidora y Cmrz Nrt in the 3rd quarter valued at about $462,000. BlackRock Inc. lifted its holdings in Empresa Distribuidora y Cmrz Nrt by 21.6% in the 2nd quarter. BlackRock Inc. now owns 136,310 shares of the utilities provider’s stock valued at $4,429,000 after purchasing an additional 24,248 shares in the last quarter. Finally, Dorsey Wright & Associates lifted its holdings in Empresa Distribuidora y Cmrz Nrt by 9.6% in the 2nd quarter. Dorsey Wright & Associates now owns 449,567 shares of the utilities provider’s stock valued at $15,908,000 after purchasing an additional 39,328 shares in the last quarter. 7.76% of the stock is currently owned by hedge funds and other institutional investors.

Empresa Distribuidora y Cmrz Nrt Company Profile

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima, 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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