News stories about Empresa Distribuidora y Cmrz Nrt (NYSE:EDN) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research group ranks the sentiment of news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Empresa Distribuidora y Cmrz Nrt earned a news impact score of 0.05 on Accern’s scale. Accern also gave media coverage about the utilities provider an impact score of 45.6440784662487 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
NYSE EDN traded down $0.43 on Monday, hitting $40.59. 1,200 shares of the company were exchanged, compared to its average volume of 108,275. The firm has a market cap of $1.84 billion, a PE ratio of -40.59 and a beta of 1.63. Empresa Distribuidora y Cmrz Nrt has a 12 month low of $28.88 and a 12 month high of $63.29. The company has a quick ratio of 0.89, a current ratio of 0.92 and a debt-to-equity ratio of 4.54.
A number of equities research analysts have recently commented on EDN shares. Zacks Investment Research raised shares of Empresa Distribuidora y Cmrz Nrt from a “hold” rating to a “strong-buy” rating and set a $64.00 price objective on the stock in a research note on Thursday, March 8th. ValuEngine raised shares of Empresa Distribuidora y Cmrz Nrt from a “hold” rating to a “buy” rating in a research note on Wednesday, May 2nd. Morgan Stanley lowered shares of Empresa Distribuidora y Cmrz Nrt from an “overweight” rating to an “equal” rating and set a $26.50 price objective on the stock. in a research note on Wednesday, May 30th. Finally, TheStreet raised shares of Empresa Distribuidora y Cmrz Nrt from a “d” rating to a “c-” rating in a research note on Friday, June 1st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the stock. Empresa Distribuidora y Cmrz Nrt presently has a consensus rating of “Hold” and an average price target of $36.75.
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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