California Water Service Group (NYSE:CWT) has been downgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: October 10, 2016
Zacks Investment Research has downgraded California Water Service Group (NYSE:CWT) to Hold in a statement released on 10/10/2016.
On 09/27/2016, Zacks Investment Research released a statement for California Water Service Group (NYSE:CWT) bumped up the target price from $0.00 to $37.00 that suggested an upside of 0.13%.
Boasting a price of $31.79, California Water Service Group (NYSE:CWT) traded 4.89% higher on the day. With the last stock price close up 3.85% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. California Water Service Group has recorded a 50-day average of $31.46 and a two hundred day average of $30.58. Volume of trade was down over the average, with 104,535 shares of CWT changing hands under the typical 207,100
With a total market value of $0, California Water Service Group has price-earnings ratio of 34.52 with a one year low of $21.01 and a one year high of $35.62 .
A total of 4 equity analysts have released a ratings update on CWT. One equity analyst rating the company a strong buy, zero equity analysts rating the company a buy, five equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $27.00.
Brief Synopsis About California Water Service Group (NYSE:CWT)
California Water Service Group is a holding company that provides water utility and other related services in California, Washington, New Mexico and Hawaii through its subsidiaries. It operates through supply and distribution of water, and providing water-related utility services segment. Its business comprises the production, purchase, storage, treatment, testing, distribution and sale of water for domestic, industrial, public and irrigation uses, and for fire protection. It provides non-regulated water-related services under agreements with municipalities and other private companies. The non-regulated services include water system operation, billing and meter reading services. Non-regulated operations also include the lease of communication antenna sites and lab services. Its subsidiaries include California Water Service Company, New Mexico Water Service Company, Washington Water Service Company, Hawaii Water Service Company, Inc., CWS Utility Services and HWS Utility Services LLC.
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