Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) (NYSE:EDN) Downgraded by Wall Street Zen to Hold

Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) (NYSE:EDN) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) Price Performance

NYSE:EDN opened at $27.02 on Friday. The company has a quick ratio of 0.71, a current ratio of 0.99 and a debt-to-equity ratio of 0.22. The stock’s 50 day moving average price is $27.52 and its two-hundred day moving average price is $31.49. The firm has a market capitalization of $1.22 billion, a price-to-earnings ratio of 4.32 and a beta of 1.49. Empresa Distribuidora Y Comercializadora Norte S.A. has a 12-month low of $17.13 and a 12-month high of $51.69.

Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) (NYSE:EDN) last announced its earnings results on Monday, August 11th. The utilities provider reported $1.85 earnings per share for the quarter. The company had revenue of $543.69 million for the quarter. Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) had a return on equity of 18.04% and a net margin of 11.55%. On average, analysts anticipate that Empresa Distribuidora Y Comercializadora Norte S.A. will post 1.38 earnings per share for the current year.

Hedge Funds Weigh In On Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor)

A number of large investors have recently made changes to their positions in EDN. Raymond James Financial Inc. bought a new position in shares of Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) during the fourth quarter worth approximately $888,000. Jump Financial LLC bought a new position in shares of Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) during the fourth quarter worth approximately $275,000. NewEdge Advisors LLC bought a new position in shares of Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) during the fourth quarter worth approximately $257,000. Mirabella Financial Services LLP bought a new position in shares of Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) during the fourth quarter worth approximately $3,152,000. Finally, Jane Street Group LLC bought a new position in Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) during the 4th quarter worth $207,000. Institutional investors own 1.64% of the company’s stock.

About Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor)

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima is involved in the distribution and sale of electricity in Argentina. The company was incorporated in 1992 and is based in Buenos Aires, Argentina. Empresa Distribuidora y Comercializadora Norte Sociedad Anónima operates as a subsidiary of Empresa de Energía del Cono Sur SA.