Edward Jones downgraded ITC Holdings Corp. (NYSE:ITC) to Hold in a report released today.
- Updated: October 13, 2016
Edward Jones has downgraded ITC Holdings Corp. (NYSE:ITC) to Hold in a report released on 10/13/2016.
Yesterday ITC Holdings Corp. (NYSE:ITC) traded -0.65% lower at $45.83. The company’s 50-day moving average is $45.89 and its 200-day moving average is $45.28. The last stock close price is up 0.89% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 2,910,593 shares of ITC Holdings Corp. exchanged hands, up from an avg. volume of 886,049
Recent Performance Chart
ITC Holdings Corp. has PE ratio of 29.51 with a one year low of $30.33 and a one year high of $47.46 and has a market capitalization of $0.
A total of 7 analysts have released a report on ITC Holdings Corp.. One analyst rating the company a strong buy, four analysts rating the company a buy, seven analysts rating the company a hold, zero analysts rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $42.29.
General Company Details For ITC Holdings Corp. (NYSE:ITC)
ITC Holdings Corp. (ITC Holdings) is a holding company. The Company is engaged in owning, operating, maintaining and investing in transmission infrastructure. The Company's business consists primarily of the electric transmission operations of its Regulated Operating Subsidiaries. Its Regulated Operating Subsidiaries include International Transmission Company (ITCTransmission), Michigan Electric Transmission Company, LLC (METC), ITC Midwest LLC (ITC Midwest). The operations performed by its Regulated Operating Subsidiaries fall into the various categories, such as asset planning; engineering, design and construction; maintenance, and real time operations. Its customers include investor-owned utilities, municipalities, cooperatives, power marketers and alternative energy suppliers. It owns and operates high-voltage systems in Michigan's Lower Peninsula and portions of Iowa, Minnesota, Illinois, Missouri, Kansas and Oklahoma.
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