Avangrid Inc (NYSE:AGR) has been downgraded to Underweight in a statement by JPMorgan Chase & Co. today.
- Updated: September 24, 2016
JPMorgan Chase & Co. has downgraded Avangrid Inc (NYSE:AGR) to Underweight in a report released on 9/23/2016.
Yesterday Avangrid Inc (NYSE:AGR) traded -1.29% lower at $43.55. The company’s 50-day moving average is $42.67 and its 200-day moving average is $42.09. The last closing price is up 2.13% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 657,545 shares of the stock were exchanged, up from an average trading volume of 415,497
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Avangrid Inc has a 52 week low of $32.45 and a 52 week high of $46.74 with a P/E ratio of 26.25 The company’s market cap is currently $0.
General Information About Avangrid Inc (NYSE:AGR)
Avangrid, Inc. is a diversified energy and utility company with more than $30 billion in assets and operations in 25 states. The company operates regulated utilities and electricity generation through two primary lines of business. Avangrid Networks includes eight electric and natural gas utilities, serving approximately 3.1 million customers in New York and New England. Avangrid Renewables operates 6.3 gigawatts of electricity capacity, primarily through wind power, in states across the United States. Iberdrola S.A. (Madrid: IBE), a worldwide leader in the energy industry, owns 81.5% of AVANGRID.
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