Evercore ISI initiated Consolidated Edison Inc. (NYSE:ED) from Sell to Hold in a statement released earlier today.
- Updated: September 26, 2016
Having a price of $78.66, Consolidated Edison Inc. (NYSE:ED) traded -0.03% lower on the day. With the last stock price up 3.13% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. ED has recorded a 50-day average of $76.26 and a two hundred day average of $76.27. Volume of trade was down over the average, with 1,526,091 shares of ED changing hands under the typical 1,817,650
Evercore ISI has initiated Consolidated Edison Inc. (NYSE:ED) from Sell to Hold in a statement released on 9/27/2016.
Recent Performance Chart
Consolidated Edison Inc. has PE ratio of 20.38 with a one year low of $60.30 and a one year high of $81.88 and has a market capitalization of $0.
A total of 13 analysts have released a report on Consolidated Edison Inc.. 0 brokers rating the stock a strong buy, 0 firms rating the stock a buy, 12 brokers rating the stock a hold, 4 equity analysts rating the company a underperform, and finally one brokerage rating the company a sell with a 12-month price target of $69.46.
More About Consolidated Edison Inc. (NYSE:ED)
Consolidated Edison, Inc. (Con Edison) is a holding company. The Company operates through its subsidiaries, which include Consolidated Edison Company of New York, Inc. (CECONY), Orange and Rockland Utilities, Inc. (O&R) and Con Edison Transmission, Inc. It owns competitive energy businesses. The Company also owns Con Edison Transmission, Inc. (Con Edison Transmission), which invests in electric and gas transmission projects through its subsidiaries, Consolidated Edison Transmission, LLC (CET Electric) and Con Edison Gas Midstream, LLC (CET Gas). CECONY is a provider of electricity, natural gas and steam to customers in New York City and Westchester County. O&R delivers electricity and natural gas to customers located in south-eastern New York, northern New Jersey and north eastern Pennsylvania. Con Edison provides energy-related products and services to wholesale and retail customers, and develops, owns and operates renewable and energy infrastructure projects.
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