Avangrid (NYSE:AGR) has been downgraded from Neutral to Underweight in a report by JP Morgan today.
- Updated: September 22, 2016
Boasting a price of $43.55, Avangrid (NYSE:AGR) traded -2.07% lower on the day. With the last stock price close up 1.39% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Avangrid has recorded a 50-day average of $42.73 and a two hundred day average of $42.07. Volume of trade was down over the average, with 77,001 shares of AGR changing hands under the typical 411,386
JP Morgan has downgraded Avangrid (NYSE:AGR) from Neutral to Underweight in a statement released on Friday September 23, 2016.
With a total market value of $0, Avangrid has price-earnings ratio of 26.04 with a one year low of $32.45 and a one year high of $46.74 .
Brief Synopsis About Avangrid (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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