The Company is the largest electricity distribution company in Argentina in terms of number of customers and electricity sold (both in GWh and Pesos). Through a concession, Edenor distributes electricity exclusively to the northwestern zone of the greater Buenos Aires metropolitan area and the northern part of the city of Buenos Aires, which has a population of approximately 7 million people and an area of 4,637 sq. km.
The status of Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.
Barchart technical indicators:
- 100% technical buy signals
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 8 new highs and up 14.43% in the last month
- Relative Strength Index 75.46%
- Technical support level at 29.84
- Recently traded at 31.67 with a 50 day moving average of 26.87
Fundamental factors:
- Market Cap $1.4 billion
- Revenue expected to grow 196.00% this year and another 62.50% next year
- Earnings estimated to increase 343.80% this year
- Wall Street analysts issued 3 strong buys on the stock