A statement released earlier today by Morgan Stanley about Empresa Distribuidora y Cmrz Nrt SA(ADR) (NYSE:EDN) bumps the target price to $26.50
- Updated: October 9, 2016
Just yesterday Empresa Distribuidora y Cmrz Nrt SA(ADR) (NYSE:EDN) traded 0.33% higher at $19.84. Empresa Distribuidora y Cmrz Nrt SA(ADR)’s 50-day moving average is $18.49 and its 200-day moving average is $16.50. The last closing price is up 28.01% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 49,955 shares of EDN traded hands, up from an average trading volume of 47,360
Morgan Stanley upped the price target of Empresa Distribuidora y Cmrz Nrt SA(ADR) (NYSE:EDN) to $26.50 indicating a possible upside of 0.34%.
Previously on 10/03/2016, Zacks Investment Research reported on Empresa Distribuidora y Cmrz Nrt SA(ADR) (NYSE:EDN) increased the target price from $0.00 to $22.00. At the time, this indicated a possible upside of 0.10%.
Recent Performance Chart
Empresa Distribuidora y Cmrz Nrt SA(ADR) has 52 week low of $11.97 and a 52 week high of $21.50 and has a market capitalization of $0.
Brief Synopsis On Empresa Distribuidora y Cmrz Nrt SA(ADR) (NYSE:EDN)
Empresa Distribuidora y Comercializadora Norte S.A. is a public service company. The Company is engaged in electricity distribution in Argentina. It holds a concession to distribute electricity to the northwestern part of the greater Buenos Aires metropolitan area and in the northern part of the City of Buenos Aires. The Company's concession area of approximately 4,637 square kilometers is divided into three operating territories: Region I, which consists of over 251 square kilometers; Region II, which consists of approximately 1,761 square kilometers, and Region III, which consists of over 2,625 square kilometers. Region I includes Ciudad de Buenos Aires, San Isidro, Vicente Lopez, San Martin and Tres de Febrero districts. Region II includes La Matanza, Moron, Hurlingham, Ituzaingo, Merlo, Marcos Paz and Gral. Las Heras districts. Region III includes Pilar, Escobar, Tigre, San Fernando, San Miguel, Malvinas Argentinas, Jose C. Paz, Moreno and Gral. Rodriguez districts.
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