FirstEnergy Corp. (NYSE:FE) has been upgraded to Buy in a statement by Evercore ISI earlier today.
- Updated: October 18, 2016
Just yesterday FirstEnergy Corp. (NYSE:FE) traded 1.46% higher at $32.23. FE’s 50-day average is $32.77 and its two hundred day average is $33.74. With the last close down -3.09% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the date range. Trading volume was down over the average, with 580,629 shares of FE changing hands under the typical 3,852,460
Evercore ISI has upgraded FirstEnergy Corp. (NYSE:FE) to Buy in a report released on 10/18/2016.
Recent Performance Chart
FirstEnergy Corp. has a 52 week low of $28.89 and a 52 week high of $36.60 The company’s market cap is currently $0.
In addition to Evercore ISI reporting its target price, a total of 16 brokerages have released a report on FirstEnergy Corp.. The 12-month price target is $35.63 with four equity analysts rating the company a strong buy, four analysts rating the company a buy, eleven firms rating the stock a hold, 0 firms rating the stock a underperform, and finally one brokerage rating the company a sell.
General Company Details For FirstEnergy Corp. (NYSE:FE)
FirstEnergy Corp. is a holding company. The Company operates through three segments: Regulated Distribution, Regulated Transmission and Competitive Energy Services (CES). The Regulated Distribution segment distributes electricity through its approximately 10 utility operating companies. The Regulated Transmission segment transmits electricity through transmission facilities. The CES segment primarily supplies electricity to end use customers through retail and wholesale arrangements. The Company and its subsidiaries are involved in the generation, transmission and distribution of electricity. Its approximately 10 utility operating companies comprise investor-owned electric systems, serving over six million customers in the Midwest and Mid-Atlantic regions. Its generation subsidiaries control approximately 17,000 megawatts of capacity from a diverse mix of non-emitting nuclear, scrubbed coal, natural gas, hydroelectric and other renewables.
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