Stock Rating Upgrade
Of late the Value Trend Rating for Empresa Distribuidora y Comercia (NYSE: EDN) improved from C to B reflecting improving fundamentals and high Appreciation Potential.
Recent Price Action
On 5/24/24, Empresa Distribuidora y Comercia (NYSE: EDN) stock declined slightly by -0.4%, closing at $16.07. Moreover, this decline was accompanied by unusually high trading volume at 169% of normal. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -17.1% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be in line with the cost of capital, EDN is expected to be Value Creation neutral.
Empresa Distribuidora y Comercia has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Empresa Distribuidora y Comercia has a slightly negative Appreciation Score of 39 but a good Power Rating of 84, and the Positive Value Trend Rating results.
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