AES Corporation (NYSE:AES) has been downgraded from Neutral to Underperform in a statement by Bank of America (Merrill Lynch) earlier today.
- Updated: November 26, 2016
Bank of America (Merrill Lynch) has downgraded AES Corporation (NYSE:AES) from Neutral to Underperform in a statement released on Tuesday November 22, 2016.
Boasting a price of $11.44, AES Corporation (NYSE:AES) traded 2.56% higher on the day. With the last stock price close down -2.77% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.03% over the date range. AES Corporation has recorded a 50-day average of $11.72 and a two hundred day average of $11.96. Volume of trade was down over the average, with 2,851,423 shares of AES changing hands under the typical 5,660,580
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AES Corporation has a 52 week low of $8.22 and a 52 week high of $13.32 The company’s market cap is currently $0.
About AES Corporation (NYSE:AES)
The AES Corporation is a holding company. The Company, through its subsidiaries and affiliates, operates a diversified portfolio of electricity generation and distribution businesses. The Company is organized into six strategic business units (SBUs): the United States; Andes; Brazil; Mexico, Central America and Caribbean (MCAC); Europe, and Asia. Within these SBUs, the Company has two lines of business: generation and utilities. Its United States SBU has over 20 generation facilities and approximately two integrated utilities in the United States. Its Andes SBU has generation facilities in over three countries: Chile, Colombia and Argentina. Its Brazil SBU has generation and distribution businesses: Eletropaulo and Tiete. Its MCAC SBU has a portfolio of distribution businesses and generation facilities, including renewable energy, in over five countries, with a total capacity of approximately 3,240 megawatt (MW) and distribution networks.
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