Atmos Energy Corporation (NYSE:ATO) has been downgraded to Hold in a report by Zacks Investment Research today.
- Updated: November 29, 2016
Zacks Investment Research has downgraded Atmos Energy Corporation (NYSE:ATO) to Hold in a report released on 11/29/2016.
Previously on 11/18/2016, Seaport Global reported on Atmos Energy Corporation (NYSE:ATO) raised the target price from $0.00 to $80.00. At the time, this indicated a possible upside of 0.12%.
Yesterday Atmos Energy Corporation (NYSE:ATO) traded 1.99% higher at $74.15. The company’s 50-day moving average is $71.70 and its 200-day moving average is $74.91. The last closing price is down -1.02% from the 200-day moving average, compared to the S&P 500 which has decreased -0.03% over the same time. 738,500 shares of the stock were exchanged, up from an average trading volume of 468,302
See Chart Below
Atmos Energy Corporation has a 52 week low of $60.00 and a 52 week high of $81.97 with a P/E ratio of 21.96 The company’s market cap is currently $0.
In addition to Zacks Investment Research reporting its target price, a total of 9 brokers have issued a report on the stock. The consensus target price is $71.11 with 2 brokers rating the stock a strong buy, 2 brokers rating the stock a buy, 5 brokers rating the stock a hold, 1 broker rating the stock a underperform, and finally 0 brokers rating the stock a sell.
General Information About Atmos Energy Corporation (NYSE:ATO)
Atmos Energy Corporation is engaged primarily in the regulated natural gas distribution and pipeline businesses, as well as other nonregulated natural gas businesses. The Company operates through three segments: regulated distribution segment, which includes its regulated distribution and related sales operations; regulated pipeline segment, which includes the pipeline and storage operations of its Atmos Pipeline-Texas Division, and nonregulated segment, which includes its nonregulated natural gas management, nonregulated natural gas transmission, storage and other services. The Company's nonregulated businesses provide natural gas management, marketing, transportation and storage services to municipalities, local gas distribution companies, including certain of its natural gas distribution divisions and industrial customers principally in the Midwest and Southeast.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.