Empresa Distribuidora y Cmrz Nrt SA(ADR) (NYSE:EDN) has been downgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: October 11, 2016
Zacks Investment Research has downgraded Empresa Distribuidora y Cmrz Nrt SA(ADR) (NYSE:EDN) to Hold in a statement released on 10/11/2016.
On 10/05/2016, Morgan Stanley released a statement for Empresa Distribuidora y Cmrz Nrt SA(ADR) (NYSE:EDN) bumped up the target price from $0.00 to $26.50 that suggested an upside of 0.34%.
Boasting a price of $21.27, Empresa Distribuidora y Cmrz Nrt SA(ADR) (NYSE:EDN) traded -1.17% lower on the day. With the last stock price close up 27.78% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Empresa Distribuidora y Cmrz Nrt SA(ADR) has recorded a 50-day average of $18.78 and a two hundred day average of $16.59. Volume of trade was down over the average, with 23,865 shares of EDN changing hands under the typical 47,395
With a total market value of $0, Empresa Distribuidora y Cmrz Nrt SA(ADR) has with a one year low of $11.97 and a one year high of $21.78 .
Brief Synopsis About 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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