Empresa Distribuidora y Comercializadora Norte S.A. (NYSE:EDN) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Tuesday.
According to Zacks, “EMPRESA DISTRIBUIDORA Y COMERCIALIZADORA NORTE S.A. (Edenor) is the largest electricity distribution company in Argentina in terms of number of customers and electricity sold (both in GWh and Pesos). Through a concession, Edenor distributes electricity exclusively to the northwestern zone of the greater Buenos Aires metropolitan area and the northern part of the city of Buenos Aires, which has a population of approximately 7 million people and an area of 4,637 sq. km. “
Shares of Empresa Distribuidora y Comercializadora Norte (NYSE:EDN) traded up 0.43% during trading on Tuesday, reaching $18.69. 12,076 shares of the company were exchanged. The company has a 50 day moving average price of $17.12 and a 200-day moving average price of $16.10. Empresa Distribuidora y Comercializadora Norte has a one year low of $11.95 and a one year high of $20.50. The stock’s market capitalization is $838.28 million.
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Empresa Distribuidora y Comercializadora Norte Company Profile
Empresa Distribuidora y Comercializadora Norte SA (Edenor) is engaged in electricity distribution in Argentina. The Company holds a concession to distribute electricity to the northwestern part of the greater Buenos Aires metropolitan area and in the northern part of Buenos Aires. Edenor also holds a 50% interest in Sociedad Anonima Centro de Movimiento de Energia, which is engaged in the management of regional high-voltage distribution in the greater Buenos Aires metropolitan area.
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