Bank of America (Merrill Lynch) downgraded Entergy Corporation (NYSE:ETR) from Neutral to Underperform in a report released today.
- Updated: November 26, 2016
Yesterday Entergy Corporation (NYSE:ETR) traded 2.07% higher at $68.82. The company’s 50-day moving average is $71.47 and its 200-day moving average is $76.76. The last stock close price is down -9.42% from the 200-day moving average, compared to the S&P 500 which has decreased -0.03% over the same time. 740,274 shares of the stock were exchanged, down from an average trading volume of 1,446,710
Bank of America (Merrill Lynch) has downgraded Entergy Corporation (NYSE:ETR) from Neutral to Underperform in a report released on 11/22/2016.
Previously on 2/22/2016, UBS Securities reported about Entergy Corporation (NYSE:ETR) raised the target price from $62.00 to $66.00. At the time, this indicated a possible downside of -0.11%.
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Entergy Corporation has a 52 week low of $64.18 and a 52 week high of $82.09 with a P/E ratio of 9.71 The company’s market cap is currently $0.
In addition to Bank of America (Merrill Lynch) reporting its target price, a total of 16 firms have reported on the stock. The consensus target price is $78.09 with 0 firms rating the stock a strong buy, 1 firm rating the stock a buy, 19 firms rating the stock a hold, 1 firm rating the stock a underperform, and finally 0 firms rating the stock a sell.
About Entergy Corporation (NYSE:ETR)
Entergy Corporation is a holding company. The Company is an integrated energy company engaged in electric power production and retail electric distribution operations. It operates through two business segments: Utility and Entergy Wholesale Commodities. The Utility segment includes the generation, transmission, distribution and sale of electric power to retail and wholesale customers in areas of Arkansas, Mississippi, Texas and Louisiana, including the City of New Orleans and operates a natural gas distribution business. The Entergy Wholesale Commodities segment includes the ownership, operation and decommissioning of nuclear power plants located in the northern United States and the sale of the electric power produced by its operating plants to wholesale customers. The Company owns and operates power plants with over 30,000 megawatts of aggregate electric generating capacity, including approximately 10,000 megawatts of nuclear-fueled capacity.
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