Avista Corp (NYSE:AVA) has been downgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: October 11, 2016
Having a price of $39.11, Avista Corp (NYSE:AVA) traded -1.56% lower on the day. With the last close down -6.02% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. Avista Corp has recorded a 50-day average of $41.31 and a two hundred day average of $41.61. Volume of trade was down over the average, with 167,719 shares of AVA changing hands under the typical 287,269
Zacks Investment Research has downgraded Avista Corp (NYSE:AVA) to Hold in a statement released on Tuesday October 11, 2016.
On 10/4/2016, Zacks Investment Research released a statement on Avista Corp (NYSE:AVA) upped the target price from $0.00 to $44.00 that suggested an upside of 0.10%.
With a total market value of $0, Avista Corp has price-earnings ratio of 18.01 with a one year low of $32.61 and a one year high of $45.22 .
A total of 5 analysts have released a research note on Avista Corp. zero analysts rating the company a strong buy, zero analysts rating the company a buy, five analysts rating the company a hold, one analyst rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $38.60.
More About Avista Corp (NYSE:AVA)
Avista Corporation is an electric and natural gas utility with certain other business ventures. The Company operates through two business segments: Avista Utilities, and Alaska Electric Light and Power Company (AEL&P). Avista Utilities segment generates, transmits and distributes electricity, and distributes natural gas serving electric and natural gas customers in eastern Washington and northern Idaho and natural gas customers in parts of Oregon. AEL&P is a utility providing electric services in Juneau, Alaska. It operates other businesses, including sheet metal fabrication, venture fund investments and real estate investments, as well as certain other investments of Avista Capital, Inc., a subsidiary of the Company. Through Advanced Manufacturing and Development (AM&D), doing business as METALfx, the Company performs custom sheet metal fabrication of electronic enclosures, parts and systems for the computer, construction, telecommunication, renewable energy and medical industries.
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