Entergy Corporation (NYSE:ETR) has been downgraded to Underperform in a report by Bank of America Corp. today.
- Updated: November 27, 2016
Bank of America Corp. has downgraded Entergy Corporation (NYSE:ETR) to Underperform in a report released on 11/22/2016.
On 2/22/2016, UBS Securities released a statement for Entergy Corporation (NYSE:ETR) upped the target price from $62.00 to $66.00. At the time, this indicated a possible downside of -0.11%.
Only yesterday Entergy Corporation (NYSE:ETR) traded 2.07% higher at $68.42. The company’s 50-day moving average is $71.47 and its two hundred day average is $76.76. With the last stock price down -9.42% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.03% over the same time period. 740,274 shares of the stock were exchanged, down from an average trading volume of 1,446,710
Entergy Corporation has a 52 week low of $64.18 and a one year high of $82.09 with a PE ratio of 9.71 Entergy Corporation’s market capitalization is presently $0.
A total of 16 analysts have released a research note on the stock. 0 firms rating the stock a strong buy, 1 brokerage rating the stock a buy, 19 brokers rating the stock a hold, 1 broker rating the stock a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $78.09.
Brief Synopsis On 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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