ITC Holdings Corp. (NYSE:ITC) has been downgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: October 4, 2016
Having a price of $45.64, ITC Holdings Corp. (NYSE:ITC) traded -1.06% lower on the day. With the last close up 1.00% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. ITC Holdings Corp. has recorded a 50-day average of $46.10 and a two hundred day average of $45.19. Volume of trade was up over the average, with 959,733 shares of ITC changing hands over the typical 874,395
Zacks Investment Research has downgraded ITC Holdings Corp. (NYSE:ITC) to Hold in a statement released on 10/05/2016.
On 9/22/2016, Zacks Investment Research released a statement on ITC Holdings Corp. (NYSE:ITC) upped the target price from $0.00 to $52.00 that suggested an upside of 0.12%.
With a total market value of $0, ITC Holdings Corp. has price-earnings ratio of 29.48 with a one year low of $30.33 and a 52 week high of $47.46 .
In addition to Zacks Investment Research reporting its stock price target, a total of 7 brokers have issued a research note on the company. The average stock price target is $42.29 with 1 broker rating the stock a strong buy, 4 brokers rating the stock a buy, 7 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.
Brief Synopsis On 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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