FirstEnergy (NYSE:FE) has been upgraded from Sell to Neutral in a report by Citigroup today.
- Updated: October 18, 2016
Citigroup has upgraded FirstEnergy (NYSE:FE) from Sell to Neutral in a report released on Tuesday October 18, 2016.
Yesterday FirstEnergy (NYSE:FE) traded 1.46% higher at $32.23. The company’s 50-day moving average is $32.77 and its 200-day moving average is $33.74. The last stock close price is down -3.09% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 580,629 shares of the stock were exchanged, down from an average trading volume of 3,852,460
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FirstEnergy 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 Citigroup reporting its target price, a total of 16 firms have reported on the stock. The consensus target price is $35.63 with 4 firms rating the stock a strong buy, 4 firms rating the stock a buy, 11 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 1 firm rating the stock a sell.
About FirstEnergy (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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