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American Electric (NYSE:AEP) has been downgraded from Buy to Hold in a statement by Jefferies earlier today.

Only yesterday American Electric (NYSE:AEP) traded 0.94% higher at $65.42. American Electric’s 50-day average is $66.17 and its 200-day moving average is $66.17. The last stock price is down 1.13% relative to the 200-day average, compared with the S&P 500 which has decreased -0.01% over the same period. 2,185,863 shares of American Electric were exchanged, down from ann average trading volume of 2,385,390.

Jefferies has downgraded American Electric(NYSE:AEP) from Buy to Hold in a statement released 9/20/2016.

See Chart Below:

American Electric (NYSE:AEP)

In addition to Jefferies reporting it’s price target, a total of 19 brokers have issued a research note on the company. The consensus target price is $67.82 with six analysts rating the stock a strong buy, eight firms rating the company a buy, seven firms rating the stock a hold, 0 rating the stock to underperform, and finally 0 firms rating the company as sell.

American Electric has a price-earnings of 16 with a 52 week low of $53.30 and a one-year high of $71.32 and has a total market value of $0.0.

General Company Details For American Electric (NYSE:AEP)

American Electric Power Company, Inc. (AEP) is a public utility holding company that owns, directly or indirectly, all of the outstanding common stock of its public utility subsidiaries and varying percentages of other subsidiaries. The Company’s segments include Vertically Integrated Utilities, Transmission and Distribution Utilities, AEP Transmission Holdco, and Generation & Marketing. AEP’s vertically integrated utility operations are engaged in the generation, transmission and distribution of electricity for sale to retail and wholesale customers. Transmission and Distribution Utilities segment consists of the transmission and distribution of electricity for sale to retail and wholesale customers. AEP Transmission Holdco develops, constructs and operates transmission facilities. Generation & Marketing segment’s subsidiaries consist of nonutility generating assets, and a wholesale energy trading and marketing business and a retail supply and energy management business.

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