Empresa Nacional de Electricidad S.A. (NYSE:EOCC) was downgraded by analysts at Scotiabank from a “sector perform” rating to an “underperform” rating in a report released on Wednesday.

EOCC has been the subject of several other reports. BidaskClub upgraded Empresa Nacional de Electricidad from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, October 11th. Morgan Stanley downgraded Empresa Nacional de Electricidad from an “equal weight” rating to an “underweight” rating in a research note on Tuesday, October 24th. Finally, ValuEngine upgraded Empresa Nacional de Electricidad from a “hold” rating to a “buy” rating in a research note on Thursday, August 17th. Two research analysts have rated the stock with a sell rating, one has issued a buy rating and one has given a strong buy rating to the stock. Empresa Nacional de Electricidad presently has an average rating of “Hold” and an average target price of $24.20.

Shares of Empresa Nacional de Electricidad (NYSE:EOCC) traded down 2.39% during midday trading on Wednesday, hitting $25.28. The company had a trading volume of 52,841 shares. Empresa Nacional de Electricidad has a one year low of $18.35 and a one year high of $27.74. The stock has a market capitalization of $6.91 billion, a price-to-earnings ratio of 10.53 and a beta of 0.78. The stock’s 50-day moving average price is $26.37 and its 200-day moving average price is $24.23.

ILLEGAL ACTIVITY WARNING: “Scotiabank Lowers Empresa Nacional de Electricidad S.A. (EOCC) to Underperform” was published by TheOlympiaReport and is owned by of TheOlympiaReport. If you are accessing this news story on another website, it was copied illegally and republished in violation of U.S. & international copyright legislation. The original version of this news story can be accessed at https://theolympiareport.com/2017/11/01/scotiabank-lowers-empresa-nacional-de-electricidad-s-a-eocc-to-underperform.html.

Hedge funds have recently added to or reduced their stakes in the business. New York State Common Retirement Fund acquired a new position in Empresa Nacional de Electricidad during the 2nd quarter valued at about $100,000. FNY Partners Fund LP acquired a new position in Empresa Nacional de Electricidad during the 1st quarter valued at about $102,000. Sei Investments Co. acquired a new position in Empresa Nacional de Electricidad during the 2nd quarter valued at about $109,000. Wells Fargo & Company MN boosted its stake in Empresa Nacional de Electricidad by 633,000.0% during the 2nd quarter. Wells Fargo & Company MN now owns 6,331 shares of the utilities provider’s stock valued at $143,000 after purchasing an additional 6,330 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Empresa Nacional de Electricidad during the 2nd quarter valued at about $208,000. Institutional investors and hedge funds own 2.64% of the company’s stock.

Empresa Nacional de Electricidad Company Profile

Enel Generacion Chile SA, formerly Empresa Nacional De Electricidad SA, is a Chile-based company engaged in the business of electricity generation. The Company operates in Chile. The Company owns and operates a total of approximately 111-generation units in Chile both directly and through its subsidiaries, Pehuenche, Celta and GasAtacama.

Receive News & Ratings for Empresa Nacional de Electricidad S.A. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Empresa Nacional de Electricidad S.A. and related companies with Analyst Ratings Network's FREE daily email newsletter.